CL still inside daily down channel. Sell high will be a good idea with target at bullish trendline (around 46.86) if this trendline break down, bearish continue to 39.35
Open short : 48.42 Stoploss : 50 Take profit : 39.35 R/r ratio : 6.03
Above the top of the channel as of now. The question becomes will the top of the channel now act as support?
gazza_herh
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@mnmanstein, man I am praying it is resistance more than support :)
420snoop
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Nikita555
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Good to see you back
roxananechita
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So, you looked at oil too. :) I am happy you did. Your analysis confirms my view also. :) I opened short yesterday.
AzrulAzir
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@roxananechita, yes but not weekly, maybe monthly because i play swing for CL. next month i will update catching the falling knife for CL at buy low :)))))))