For a long time I didn't look at oil, but I see that we are approaching a strong resistance line that begins in 2008. I also saw an rising wedge - a reversal patterns. We will see this fall until April 2019. I do not know with what it will be fundamentally connected, I do not much look at the fundamental factors. But the fact that we will fall I'm sure. We are also near a very strong resistance level of 61.8%
To support your view, top of channel, 0.618, narrowing wedge, historical broken resistance line.
Oil Shorting at 79-82, stoploss at 84-85, target 71/60/53/48
Oil Shorting at 79-82, stoploss at 84-85, target 71/60/53/48