At least we had a trade that long oil with target 1 hit with 160 pips. Not bad!!!
Now go back to check weekly chart for oil, only bear signals SO FAR. So oil is heading down to see a strong support zone first before hitting back to 70, becoz there is a broken purple trendline now. That shows the RED ABC trend is on its way to correct now. And the green zone in our last idea is not going possible right now.