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Crude Oil Bullish? & Support and Resistance Levels 12.17.2020

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Dear Traders,

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We are entering the last 2 weeks of 2020.
The last two weeks of December can at times be very choppy as many larger traders/ institutions take the time off. However, this year with COVID, things might be different…..
In between a look at Crude Oil Futures daily chart. Crude has been showing some bullish signs past couple of weeks, possible levels on the chart below.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

 

Futures Trading Levels

12-17-2020

Economic Reports, source: 

 www.BetterTrader.co

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

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