US oil consolidation offers good opportunities.

US crude oil's short-term price ranges from support levels 94 dollars to resistance levels 99 dollars, with an equilibrium price around 96.40 dollars.

I expect a continuation of the sideways trend, and I will wait for bearish price action from around 99 dollars to short back to equilibrium 96.40 and then 94 dollars, with stops above the resistance areas.

I wish you the best of luck!

Orden cancelada:

Price showed no signs of bearish price action from levels of resistance, and thus broke to the upside. Idea no longer valid