Hi Team!
This is a great opportunity for a potential Oil short swing after reaching target 5 in my previous analysis:
This trade however is slightly riskier as we have tension between America and Russia regarding the Ukraine invasion.
Oil is set to possibly retrace from here before making a new high which could give us some profits.
Please make sure to set SL to BE when target 1 is reached, alternatively you are welcome to set your SL to your required risk management.
We see the Divergence on the RSI for the daily chart which is another indication of a possible reversal to take place.
Please trade at your own risk.
This is a great opportunity for a potential Oil short swing after reaching target 5 in my previous analysis:
This trade however is slightly riskier as we have tension between America and Russia regarding the Ukraine invasion.
Oil is set to possibly retrace from here before making a new high which could give us some profits.
Please make sure to set SL to BE when target 1 is reached, alternatively you are welcome to set your SL to your required risk management.
We see the Divergence on the RSI for the daily chart which is another indication of a possible reversal to take place.
Please trade at your own risk.
