Nial Fuller is CEO and founder of the web¿s foremost trading education community -- Learn To Trade The Market. The Australian-based trader has traded financial markets his entire career (12 + years). Today he is recognized by many as ¿the authority¿ on price action trading. After starting his blog in 2008, he has become one of the most followed trading coaches in the world, attracting over 250,000 loyal readers each month.
He currently manages private equity as well as consults as a trading coach and market analyst. Nial specializes in the discipline of price action analysis and has authored several courses as well as articles/videos/publications on the topic. Nial teaches students from over 100 countries worldwide and is well known for his dedication and contribution to the Forex trading community. Learn To Trade The Market offers Forex trading courses, videos, webinars, market commentary, forums, tutorials and more.
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The market is strongly biased to the upside.
The key support is near the $49.30 level, which is the line in the sand for bulls, and while prices remain above that level, watch for temporary weakness or pullbacks.
Keep a close eye out for price action buy signals to get long and re-join the uptrend from the value/support level.
Now that the index is approaching the 2179 to 2212 zone, keep a close eye out for price action purchase signals to get long and re-join the uptrend.
Prices have been trending higher, with West Texas Intermediate remaining buoyant above the support level at $49.30 a barrel.
Crude oil retains its upward trajectory, and traders should look to buy as long as prices remain at more than $49.30 a barrel.
The uptrend on this key market barometer is poised to continue.
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