Recently quite strong bearish market behavior.
A weak flag also appeared which might suggest the bearish trend will be continued.
If it breaks the support zone around 43.00-43.10, it will be good to short.
R/R ratio will be around 1:1.32
If after breaks the support zone, it pulls back to the zone, look for another bearish signal to short again.
A weak flag also appeared which might suggest the bearish trend will be continued.
If it breaks the support zone around 43.00-43.10, it will be good to short.
R/R ratio will be around 1:1.32
If after breaks the support zone, it pulls back to the zone, look for another bearish signal to short again.
Comment:
We will see if the price of crude oil will go down again this week or bounce back from the previous support zone...
