US-Oil 16th July

16 lug 2023

Us-Oil did not play into our bias and shifted lower causing us to lose a 1RR but we have now seen a shift into a possible bearish move here on OIL so we will look to follow that, NOW oil has really not been playing out that well over the last few weeks so we will be using caution following this bias.

Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.

We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!