RexMan

Crude Oil downtrend coming

Short
CURRENCYCOM:OIL_CRUDE   Crude Oil
OIL_CRUDE QQQ USO

I am short at the 73s on that rising wedge crack, of which I closed most at the low 72s today. Looking to short the spikes into the week.

Analysis explained:
~ Massive head resistance, left shoulder rejection at the 73s.
~ A *Rising Wedge* within a downwards pointing *Megaphone*.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.