Oil rebounded from the significant level around 58 dollar.
Selling signal is triggered based on rebound from cloud coinciding with opening of US market hours.
The long term bias looks bearish at the moment, and we could keep holding the sell position until $52 potentially.
Stop loss at 63.5 dollar, if price breaks out of the Kumo cloud then the 4h strong baseline.
Selling signal is triggered based on rebound from cloud coinciding with opening of US market hours.
The long term bias looks bearish at the moment, and we could keep holding the sell position until $52 potentially.
Stop loss at 63.5 dollar, if price breaks out of the Kumo cloud then the 4h strong baseline.
Trade closed manually