Some asked me about Crude if it is possibly bottoming ard 45 or not?
I can say only one thing now. Maybe we will see some cool down in selling ard 43-44 supp/resistance, but in fact it still looks heavy bearish.
I don't even see the smallest signal of a possible pull back or reversal now on the daily. Price is far below daily Kijun Sen and even well below Tenkan Sen (light green - 9 days avg). Heikin Ashi signal is full bearish.
If you are short keep shorts and trail down your protective stops. If you are neutral stay neutral, don't try any bottom fishing until we see some possible bottom building or minimum a chance for a 4H time frame counter trend signal.
I can say only one thing now. Maybe we will see some cool down in selling ard 43-44 supp/resistance, but in fact it still looks heavy bearish.
I don't even see the smallest signal of a possible pull back or reversal now on the daily. Price is far below daily Kijun Sen and even well below Tenkan Sen (light green - 9 days avg). Heikin Ashi signal is full bearish.
If you are short keep shorts and trail down your protective stops. If you are neutral stay neutral, don't try any bottom fishing until we see some possible bottom building or minimum a chance for a 4H time frame counter trend signal.