Hi ~ Traders! It is wemoa of allaboutforex.net. Let me tell you about the market conditions of the July 17th Crude Oil. Crude oil is currently in a trend of upward trend. But the price has been falling since the double-top pattern. Maybe it seems to have fallen due to oversupply concerns. The oil is now standing on a big crossroads. Will the trend be reversed at all or will the upward trend continue? If the price rises again from the upward trend line, it will continue to rise again, but if the price breaks down the trend line, the market price may fall sharply. If you currently trade, it would be wise to enter the sell position Whether you want to switch positions from the trend line or the inflection point of the trend should be watched a little.
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