Early shorters are out, market could start dipping from now.
Traders shorted $41.4 (Obvious Resistance), their SL's was approx. 30-40pips above. Market has cleared the SL's and early shorters are out now.
Im expecting
OIL to start dipping down and test $39.20 region. If breaks down, could continue falling to $36.80 area.
Please hit that like button if you agree with my analysis.
Im expecting
OIL to start dipping down and test $39.20 region. If breaks down, could continue falling to $36.80 area.Please hit that like button if you agree with my analysis.
Note
Trade runing in good profit. Moved SL to my entry. Targeting $36.8 zone.
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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.