ThinkingAntsOk

Daily Chart on Crude Oil / Bearish perspective by ThinkingAntsOk

NYMEX:CL1!   Hadapan Minyak Mentah Ringan
Use this as a guide to develop your view of the chart:

Main items we can see on the Daily chart:

a)The price is on a support zone, making a corrective structure
b)We can see on the past a previous scenario (check the circles) where the price made a Corrective structure, and after that, a bearish movement started.
c)Currently, we are waiting for a similar movement.
d)We expect this structure is a continuation one, and if the price breaks below it a new movement will start with a target on the next support zone at 42.70
e)We will develop our setup on a lower timeframe such as 4hs / 1H

Check our previous idea on the link below to understand how we have been following Crude Oil

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.