Short
Marathon Oil Sell Setup
As with all the other us energy stocks we have been following it has been making a corrective structure for 2016.
This appears to be breaking down as only recently MRO has broken down and out of the lower trend line.
Our trading conditions have been met now with it breaking out and down, retesting & rejecting so this we will be making a short trade here.
This appears to be breaking down as only recently MRO has broken down and out of the lower trend line.
Our trading conditions have been met now with it breaking out and down, retesting & rejecting so this we will be making a short trade here.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.