Energy markets have grown bored of excitement, and that’s why crude prices are likely to fall even lower, despite the fact that the world’s supply has been in chaos for months. It would appear that traders have grown fatigued trying to discount Trump’s daily hubris. The war may be over, at least on paper, by the time you read this. But whatever happens in the real world, look for July Crude prices to ease until the futures hit the 80.80 Hidden Pivot support shown. A tradeable bounce there is likely, and I would encourage you to take advantage of it if you know how to get aboard with a ‘camo’ trigger. Trickier still will be trading the remaining $6 to the target, but it looks 75% likely to be achieved.
$CLN26 – July Crude (Last:87.36)
