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TradingShot
Jul 14, 2020 2:48 PM

OIL Sell Signal Short

Crude Oil Futures (Aug 2020)NYMEX

Description

Pattern: Channel Up.

Signal: Bearish as the price failed to break the Resistance and th 4H RSI is at the top of its Channel and a similar bearish formation has been seen 4 times previously.

Target: 37.50 (just above the Support Zone).


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Comments
adxcl
Love him or hate him, if Biden gets the nod as POTUS oil is in the toilet. Just remember what Obama did to coal.
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