Crude Oil(Careful with you short, Major trend is to resume soon)

WTI Oil

Without the doubt, the primary trend/main one is Uptrend (9 months and above )and we have medium trend of DOWN.
It may go down to levels ushc as 63 or even 60, but I am expecting we shall we upward momentum soon.

Soon, get ready to take TP from your short (or) soon there shall be some bullish momentum to show up soon.

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s0nic



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Comment:

Oil

Congrats to those who heed my warning on Oil. Nice rise we had.

Trade active:

WTI (Oil)

It is no doubt that we are in STRONG uptrend and any sell down shall be short-lived and considered as Counter Trend.
BUT for now I am seeing $74 is acting as minor resistant and it may be priming for a good short-term sell down.

It can go to $72 or $71.
Be quick and Be Nimble.

Comment:

OIL

Did you heed our advice/suggestion on the pending OIL sell down before it happened?

It went down as expected.

Congrats to you. TP hit with $71.