WTI and Brent Crude Oil

Oil is Bullish and Continues Up

A bounce off the zone is supported by a trendline and the W L3 camarilla pivot. We should see an extension to the upside and possible move towards D H5 71.86. This looks like a bullish continuation move and a close above 70.50 could make a direct bounce to the TP. Buying the dips is a good option.

Crude oil chart

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Cheers and safe trading,



Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.