Bear flag / OIL

Bear flag on the daily, 50$ target

Trade active:

Still within the flag

invst.ly/bedpc

Comment:

totally

Comment:

CL is taking its time, but we're still within the flag range...any moment now...

Comment:

invst.ly/bfz9d

Comment:

invst.ly/bhe9-

we broke the flag line, at least $54 in the making, $50 behind the corner as well.

Comment:

$54 possible consolidation area before we continue towards $50 next week.

Comment:

$54 consolidation area is now being broken downward, so $50,15 can now be reached in the next down move.

Comment:

Target almost reached, may close the position around $50.40

Trade closed: target reached:

This will continue its down trend in the long term, but it fell enough in one day (>5%), and the target is 95% reached.

Comment:

$53.80 is where the daily resistance sits. Could be a good point to re-enter the short position there.

Comment:

at the top of the channel invst.ly/btmfq