Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective.

Yesterday, the US markets were closed, which means that absolutely nothing changed on the charts since Friday. Therefore, everything that we wrote in yesterday’s Oil Trading Alert, remains up-to-date also today. If you haven’t had the chance to read it, we encourage you to do so today:

Oil Trading Alert: Barrier of $30 in Focus

We will keep you – our subscribers – informed should anything change.

Thank you.

Nadia Simmons
Forex & Oil Trading Strategist
Przemyslaw Radomski, CFA
Founder, Editor-in-chief

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