Crude Oil In the meantime, we are trying to continue the controversy over crude oil, which seems to be the same as before, and we are back in the pair's support area and it looks like a break below the 100 area. The crude oil trade is really challenging because there are so many moves every day and, of course, for those who still want to try to buy back if we try to use our stop loss properly. Because looking at the current movement can be very bad and we, as traders, have already suffered huge losses.
FX.co ★ Mister Lee | Mister Lee Trading Journal
Mister Lee Trading Journal
Good morning to every friend once more, together with Mister Lee in a personal journal that day. How many are all friends? In the visible movement in the US dollar index, exclusively if we try to look at the near daily time frame, it is also clear that the US dollar index itself is only trying to go above and below the threshold. Which has not been seen yet. At the same time, there is a clear trend of what happened to the US dollar Index before, and given the circumstances of the US dollar Index itself, I am a little surprised that this could happen with the US dollar Index. The reason for the big moves again or vice versa is that given the current state of the US dollar index, I still have some doubts that I can make big moves. Running order in demo account. The price is more likely to rise above 107. But when the market moves further, the prices touch the accuracy below 104 and my loss increases because I am selling actively sideways, but the price has gone up. The limited Crude Oil daily chart confirms the bullish momentum for the coming sessions along the trend line, but immediately after the start of the new session, the market is moving towards resistance above 107 and then 107.50. Let's see what happens to liquid oil prices in the coming sessions.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade