Seems like 50 $ are acting like a difficult resistance for oil. I would expect a re-test of 48 $ and maybe a breakout of it's main trend as we already bounced 90% from bottom, crashing to 38$ to start forming a right shoulder.
Note: The H&S is a possibility I considere and would be perfect in TA/FA as OPEP didnt do anything and oil production is still high.
Regards!
Note: The H&S is a possibility I considere and would be perfect in TA/FA as OPEP didnt do anything and oil production is still high.
Regards!
Comment:
Stop raided and now turning back down. Let's start the party
Trade closed manually:
Enought for the week. Regards!
Comment:
Short the pullback to 50.
Comment:
Will we see the BreakOut?
Comment:
Not going bad
