T_Shelby_01

T_Shelby_01

Previous week was kind off Bullish for oil... prices revisited 76.4 lows and pumped from there reaching 79's. Monday started well with a pump in prices till 79.9 followed by a dump till 78.7 levels... which could be and should be considered as a liquidity grab as per the chart. The dump was followed by a beautiful pump (SL's triggered) till 80-.12 levels followed...

T_Shelby_01

Oil has started the previous week with a lot of bearishness, resulting in prices reaching 76.66, which resulted in liquidity grab followed by a beautiful bounce shooting up oil to 79.65 levels on early Friday session. Oil faile to breach those highs which resulted in downwards pressure and sell offs resulting in a decline in prices till 77.89. Apparently Oil needs...