Friday Recap:
Crude Oil had an intraday high of 76.55 and a low of 73.32.
The day’s range was $3.23, and price sold from the $76 resistance towards the 72.50 support.
WTI 2 hour:
Price has tapped a buy zone (FVG) just above the 72.50 level and intraday support has formed here, hence there is a risk of price breaking above 73.90 to retest the 74.49 daily pivot.
(note the liquidity that lies above from previous dump!)
Trade Plan!
Strong buying above 72.50, long to the next levels:
- 73.90 , 74.90
Continued selling below 73.90, short to the next levels:
- 72.50 , 71.30
Daily pivot is 74.49