I was thrilled to read the first news, confirming my analysis on the market overall and plan to short Oil first thing on Monday morning.
Indices have a reverse reaction to Oil, it gaps up while Oil gaps down. At time of writing, Oil is now at around 28.05. Let's see if it will breaks down from here and heads towards 23.46 target. Do not short first, wait for breakdown of trend line !
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praise lord. hope you guys made some money from the short
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Again, study the chart carefully. If you missed the first short, dun panic. 090420 2200 hours, it reaches the resistance and retrace once more, giving traders a 2nd opportunity to sell down.
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Price has break down from the all important support of 19.83 and continues to head further south.