Double Top confirmed for $OIL, next stop, $72 Short

WTI CRUDE OILTVC

Description

⋅ Apr 6, 2023 3:34 AM

Double Top confirmed for OIL, next stop, $72. If OIL keeps trading below the 20MA, proceeding to trade below the 50MA, we can see a retest of the $72 price range. Any break above the 20MA voids this analysis.

Trend Analysis

Comments

InvestingScope

⋅ Apr 6, 2023 7:00 AM

Solid idea, the longer time-frames also confirm your arguments. Thank you for your work!