SIDEWAYS TO Up before NY Open

29 มี.ค. 2022

I wish every day was like yesterday. WTI prices fell below the 110 psychological level but stopped short of the high-profile 100 mark. A small bounce in early Tuesday APAC trading saw prices lift a bit over 1%, but bulls may want to recapture the 110 level before hitting the buy button with confidence. The 20-day Simple Moving Average (SMA) just below that level may offer some resistance. Alternatively, a resumption to the downside would bring the 50-day SMA and trendline support from the December swing low into focus.
Plenty of room to fall further, and if today's candle forms an inverted hammer, tomorrow will be up.

29 มี.ค. 2022

บันทึก

When I say 'if today's candle forms an inverted hammer ', I mean NY could go down again.