✅OIL is trading in rising channel
But oil is overbought
And we are seeing some bearish price action
So IF we see a breakout from the channel
Bearish continuation will follow
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Hello,Traders!
CRUDE OIL is growing from the horizontal support line
And the price is headed for the retest of the resistance level above
From where I am expecting a bearish reaction
And I think that after the retest of the level
The price will fall towards the target on the chart
Sell!
Like, comment and subscribe to boost your trading!
See other ideas...
Hello,Traders!
CRUDE OIL is trading in a kind of a massive wedge
And now oil is falling down to retest the rising support
From where I am expecting a local pullback
With the final target being the horizontal resistance above!
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
Hello,Traders!
CRUDE OIL fell sharply from the highs
On the news of the greater than anticipated reserves
Now, we are seeing oil rebound to retest the higher supply levels
And while its hard to predict oil behavior now
I think that the resistance above is strong enough to cause a pullback
Which can be played in our favor
Sell!
Like, comment and subscribe...
Hello,Traders!
CRUDE OIL is etching closer and closer to the weekly resistance
While trading in a steep rising channel
I think that once oil hits the resistance
We will see a pullback
And IF the rising channel breaks to the downside
We will see a full fledged correction
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
