Oil broke ascending trendline. 65.50-65.80 was a good entry point. Possible targets as shown.
Trade active:
Here are possible areas where you can add onto your short position (if you are already in) or open a new short position
Comment:
Added more shorts from 65.80
Comment:
Seems like it's going for a second test of broken trendline, as long as it doesn't break back above and close, this still has the potential to drop to areas mentioned.
Comment:
Daily chart: Price is still below trendline, we could see another push to 66.30-66.50 before a highly likely scenario of a rejection candle. Area is still at trendline resistance and also horizontal resistance.
Comment:
Fantastic drop. Still holding for targets as mentioned. I entered short again at 66.50
Trade closed manually:
All trades closed early yesterday with some profits