johhoh104

johhoh104

Oil seems to be bearish right now, but I won't try to predict for how long. I believe oil will be bearish within the resistancelines shown in the chart.

johhoh104

Oil seems to be bearish right now, but I won't try to predict for how long. I believe oil will be bearish within the resistancelines shown in the chart. Update: Seems like one of the resistnacelines i drew were irrelevant so I removed that one. I added one resistanceline that seem to form a more relevant channel.

johhoh104

Update. The drop seems to be taking its time. I still belive the drop will come. The gap between brent and wti has increased by a 1 § since my purchase. Only yesterday the gap increased by 50 cent, when wti fell without similar reaction in brent. Im still holding out for a correctional move today.

johhoh104

The current trend channel seems to intersect the bottom of a larger trend channel at 60.50, perhaps forming a support. The bottom of a previous trend channel (The dark green line) might create resistance for an upwards movement, breaking the positive trend. Update. I was suprised to see the bullish wave start so early and took some unneceary losses expecting a...

johhoh104

The current trend channel seems to intersect the bottom of a larger trend channel at 60.50, perhaps forming a support. The bottom of a previous trend channel (Green lines) might create resistance for an upwards movement.

johhoh104

The current trend channel seems to intersect the bottom of a larger trend channel at 60.50, perhaps forming a support.