Encouraged by one of my students to look at oil. First time posting on oil
Looking purely at the Technicals (without evaluating the fundamentals). OIl just bounced off the bottom of the channel at 45.75 low.
If this can't get back above the 46.50 strong support for over the past week, then I would be more bearish biased. Bearish oil prices would be good for my CADCHF short :)
Hi instructor, i already cease this trade right after getting home last night but did make a small nice profit over it. will only short again when hit 46.0. thanks for your advise.