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FX_Professor
Jun 3, 2021 8:06 AM

OIL- Time to look down a bit Short

WTI CRUDE OILTVC

Description

Our updated Crude Oil chart shows price on top of ascending channel and about to get a reality check.

Inflation, yes. Lockdowns finito, yes. Still, a correction now is needed, especially if you haven't filled your cars this week.

the FXPROFESSOR
Comments
heavy_assault
oil only goes up, no red days in sight since vaccine on november 9th.
FX_Professor
@heavy_assault, depends on NFP now. Fundamentals is one thing, technical analysis is another. If NFP doesn't go well it can drop.

For now: We are in the money, already secured some profits and looking to see if we take more profit or if we hit the stop loss which is at entry point (no risk anymore).
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