Crude oil has attempted to break out of the trading range that formed last year. Recent price action however has sent crude lower and back into this range, casting doubt on its ability to push higher.
In this video, Trade With Precision's Philipp Pfitzenmaier analyses recent price action across several timeframes and shares his thoughts on levels for pullbacks and profit targets for potential trading opportunities.
CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.