WTI Crude Oil Daily Chart : Potential Drop Below $50
Hi. This is my current trade for the next few days.
In daily chart crude oil not only hit a double top but there is potential head and shoulders formation. If this is case, suggesting lower price of the crude oil in the coming days.
The CCI reversed and the stochastic oscillator re generated a sell signal.
I am short into 45,80 with invalidation 56,45. Money management in priority.
In daily chart crude oil not only hit a double top but there is potential head and shoulders formation. If this is case, suggesting lower price of the crude oil in the coming days.
The CCI reversed and the stochastic oscillator re generated a sell signal.
I am short into 45,80 with invalidation 56,45. Money management in priority.
Trade active
51.50 at this time. looking for further downside
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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.