Crude #Oil Potential Short #Trade - More Downside To Follow
Hi traders,
I hope you enjoyed your weekend and I wish all good trades for this upcoming week.
For this week, I am looking at a potential short-term trade to the downside in Oil. Oil broke the rising trendline last week to the downside and retested it nicely and fell back lower.
With lower lows and lower highs in progress. It should continue its weakness. Therefore, I am looking at a potential short trade for this week. The levels you can take out of the chart. Let's see whether it takes this path. I will keep you updated.
Cheers
I hope you enjoyed your weekend and I wish all good trades for this upcoming week.
For this week, I am looking at a potential short-term trade to the downside in Oil. Oil broke the rising trendline last week to the downside and retested it nicely and fell back lower.
With lower lows and lower highs in progress. It should continue its weakness. Therefore, I am looking at a potential short trade for this week. The levels you can take out of the chart. Let's see whether it takes this path. I will keep you updated.
Cheers
Comment:
Trade got filled yesterday, lets see now.
Comment:
Oil need to stay below 65.82 to avoid another push higher. Let's see. Keep also in mind the OPEC meeting later this week!
Trade closed: stop reached:
-2%, due to OPEC agreement