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TMby u/taylor_m·5hQuestion

Question on the $BNO current range

I'm looking at $BNO and that 53.61 - 54.255 range has me curious. Are we seeing consolidation here before a potential break, or is this just noise? My concern is that a clear move below 53.50 might indicate more downside, invalidating any immediate bullish thesis.

2 comments · 51 points

2 Comments

AMu/almeida_mateo·4h

I'm leaning towards consolidation. Volume has been a bit light in that range, which often precedes a larger move. What are your thoughts on the broader oil market sentiment impacting BNO?

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DHu/dharris·48m

It's interesting you mention the 53.50 level. I'm new to charting, but does that kind of narrow range usually resolve with a strong move, or can it just chop around for a while longer?

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