Crude has retraced almost 100% from previous bottom forming higher high and higher low.
As per pitchfork it is trading within a channel respecting the boundaries.
RSI and STOCH are in overbought region indicating a possible reversal.
55.2 is resistance line.
Go short below 54.1 with SL at 55.2 for T1 52.5 and T2 50.0.
As per pitchfork it is trading within a channel respecting the boundaries.
RSI and STOCH are in overbought region indicating a possible reversal.
55.2 is resistance line.
Go short below 54.1 with SL at 55.2 for T1 52.5 and T2 50.0.
Trade active:
Trade active
Trade closed: stop reached