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

Today’s Oil Trading Alert is going to be very short, because nothing changed on the crude oil market yesterday (the commodity remains in the consolidation between the Aug and the Dec lows). Based the most recent developments we would have written exactly the same alert as we wrote yesterday. Consequently, if you haven’t had the chance to read yesterday’s alert, we encourage you to do so today - it’s up-to-date:

Oil Trading Alert: Crude Oil Consolidates

As always, we’ll 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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