Crude #Oil Potential Short #Trade - More Downside To Follow
Hi traders,
I hope you enjoyed your weekend and I wish all good trades for this upcoming week.
For this week, I am looking at a potential short-term trade to the downside in Oil. Oil broke the rising trendline last week to the downside and retested it nicely and fell back lower.
With lower lows and lower highs in progress. It should continue its weakness. Therefore, I am looking at a potential short trade for this week. The levels you can take out of the chart. Let's see whether it takes this path. I will keep you updated.
Cheers
I hope you enjoyed your weekend and I wish all good trades for this upcoming week.
For this week, I am looking at a potential short-term trade to the downside in Oil. Oil broke the rising trendline last week to the downside and retested it nicely and fell back lower.
With lower lows and lower highs in progress. It should continue its weakness. Therefore, I am looking at a potential short trade for this week. The levels you can take out of the chart. Let's see whether it takes this path. I will keep you updated.
Cheers
Nota
Trade got filled yesterday, lets see now.Nota
Oil need to stay below 65.82 to avoid another push higher. Let's see. Keep also in mind the OPEC meeting later this week!Dagangan ditutup: hentian tercapai
-2%, due to OPEC agreement
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.
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.