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WaelHaz
Jan 30, 2023 10:25 PM

Sell Oil Short

Crude OilCurrency.com

Description

Oil looks bearish on the weekly timeframe and next month looks bearish with possible new lows to bottom area 60.

Oil on the weekly timeframe is in a descending downtrend channel and currently rebounding back from the upper channel of the downtrend at the resistance and supply zone at area 82 and already this week broke previous two weeks lows.
Comments
A11an
Good Work! Very clean/clear chart. Not too much noise but shows general direction. I agree bearish - only thing to be careful is, any significant "news" may push this up, just trade carefully
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