Oil Took Equal Tops Liquidity, Will Search New One

The oil price supported by voluntary cuts reached the last year's November equal tops.

Throughout all of January, it was either growing or moving sideways on the Daily chart.

I think the first week of March will search an inside liquidity in the form of the recent Fair Value Gap (purple) before it continues upwards.

Trade ist aktiv:

First entry in the direction with predefined close and stop

Trade geschlossen: Ziel wurde erreicht:

Target was reached yesterday on lower timeframes. I didn't hold because the news is expected today and every day forth.

Trade ist aktiv:

Another potential entry