FXKing009

CRUDE OIL - SELL OPPORTUNITY

CURRENCYCOM:OIL_CRUDE   Crude Oil
A nice profit to be made here, price will be rejected around this level as there is divergence on the lower TFs and there is price rejection.
Price may break resistance HOWEVER there is a strong chance of price dropping to previous weeks lows.

After the drop please see the buy opportunity i posted a little while ago, price will shoot back up after this stumble so get in there!
Comment: At 29.02 there is major resistance, it appears price is moving towards this level and then expect a drop back down to 10.00
Comment: Ok we are at reistance, price looks like it will take a small jump up before crashing.. be patient
Comment: We just witnessed a bear trap, the price is going back up before it falls again
Comment: You can see from the chart that price is being rejected - i believe the market may go sideways for a few days before dropping