7pasos
Short

If Oil break the 8939 should fall

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
253 1 0
We are in a kind of downtrend (before the triangle that you can see in this chart) that's why I'm more inclined to think that the price have a better chance to break down. As we can see, the RSI start to show more pressure to the down side, and if the price keeps the phantom resistance at actual levels and push down once more, think have a very good chance to break this triangle once for good.
The risk reward ratio allows to place a break even at 84 level just in case the price decide to consolidate instead to get in trend.
7pasos PRO
3 years ago
Even when has not been realy out of the boundary i think this have very slim chances to pay
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