crude oil for professionals #Divergence #Trading Is trading in crude oil profitable? When there is an overkill in supply, traders sell crude oil. Rising demand makes crude oil prices higher. When positive market trends abound, there is a tight convergence between positive factors, making prices rise, and vice versa. You need to know what drives oil as a...
It has made a Bearish Harmonic Alt Shark near the trend line resistance. It could retrace till 220, view negates above 238
Its been observed Oil making upward move from quiet a time now and forming flag and pennant pattern in its upward movement. To take new position lets wait for the breakout on either side of trend line on lower time frame of 1 hr for confirmation and then take decision until then just wait till this whipsaws get clear. You guys can check out my last update on...
Will wait for a week or more for the right time to short.