Patience needed for Crude Oil
WTI (Crude Oil)
A Head and Shoulders pattern was negated last week and now the uptrend is broken.
Looks like we have more room for a down move until the blue line gets hit. At that point we can see a reversal or a bigger move down.
We closed a Short position today marked with the arrow since we want to wait for confirmation on the next move.
A Head and Shoulders pattern was negated last week and now the uptrend is broken.
Looks like we have more room for a down move until the blue line gets hit. At that point we can see a reversal or a bigger move down.
We closed a Short position today marked with the arrow since we want to wait for confirmation on the next move.
Catatan
We are till waiting for Oil to break one of the blue lines (or get rejected at it) We entered a very small position for todays inventory report and was closed with a small profit. For regular position we are still waiting on it to move and give us a clear signal.
Catatan
Oil found a nice resistance on the 57.'s level. If it breaks Oil may see 63. that 57.5-58 is hard to break but the longer a support or resistance is touched, the weaker it gets.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.