hankchef

oil: watch the monthly long term support

FX:USOIL   Crude Oil (WTI)
438 0 2
Retest and continue down?
Or break up and retest high?
Comment: bearish
Comment: It takes long way to go to break the long term resistance. Touching 50 will trigger massive shorts.
Comment: Once again, we are here at the monthly resistance, may hit 51.64 and break it, but who knows it's a real break or not? Prepare to load short around here
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