Last night, trend start continue bearish and break SNR 114.14 With this kind of momentum, it's very risky to put LONG position It more safe to let price retrace a little bit then go SHORT
Expected price will retrace to SNR 114.14 before continue down to 111.90
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Price already touch 111.90 Then follow by engulfing Is it the bearish trend already complete ???
I think we will just keep falling given that the Saudis said they will pump more oil should Russian output fall. Remember that the market was already priced for that, thus I feel we will see a massive drop for the rest of the day. I would not be buying at all with such bearish news and there will be massive profit taking
radz-1
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@ElandrePage, thanks for your comment... i am technical person, buying or selling are base on breakout... every movement, must have retracement