Crude Oil is sitting right where the resistance is i.e. 48. Now the path from 48 to 50 may not be in a straight line. Based on the price action, we are considering a quick short in this resistance zone if we get a good spike without any reason. Our short interest points have been highlighted with red lines on the chart. Oil has casted a broad range between 40 and 60, so play as it fits.
In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.
Thank you for sharing this chart. Continue your good work.