Given the current set up on the daily Time frame we can see that price has broken out of the Rising wedge Formation creating some sort of double top on the bigger timeframe (Monthly and weekly), my bias for this pair is to short up until the 28-32$ a barrel zone of coinfluence it is than we can look for longing opportunities , one other reason for a short we need to create yearly lows
Comment:
SETUP GOING ACCORNINGLY
Comment:
For those that followed the setup over the passed 11 months we would have see price approaching our first zone of coinfluence