Here’s How I’m Trading Crude Oil This December

[kreslik.news]

Crude oil – upward momentum solidifies in oil



We can see that price exploded higher last week after briefly testing $45.00 support, in the weekly crude oil chart below.

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This market has clearly been taken back by bulls and we are looking to be buyers while price is above $43.10 key support level.

In order to trade with the bullish momentum, I am looking for a retrace to value, followed by a price action buy signal to confirm an ideal entry.

With the recent production cut by OPEC sending ... (read more)