OIL STILL TO REDUCE PRICE TO LAST YEAR'S LOW
Why this?
Price is approaching a high resistance zone and might surpass February's high, then move to the yearly highs of 82.50 giving a false bullish move and then sell more.
We can also spot the continuation pattern that shows price agreement tothe downside.
Where am I expecting price to sell to?
Well the lows of 2022 which is 70.00.
Please do share, and give a follow to support.
Price is approaching a high resistance zone and might surpass February's high, then move to the yearly highs of 82.50 giving a false bullish move and then sell more.
We can also spot the continuation pattern that shows price agreement tothe downside.
Where am I expecting price to sell to?
Well the lows of 2022 which is 70.00.
Please do share, and give a follow to support.
Comment:
Price didn't seem to give the false breakout as expected but hit it's resistance point, we are still bearish.
Comment:
Down below we go
Trade closed: target reached:
We are done