Overall , Price in higher timeframe is still pointing down, with that, we will have our short bias at the current moment after the correct has been made when it retraced from the previous mark of $46.50 from our initial trigger of long at $45.50.
We are currently looking at price target at $43.80 from the current level.
Trade safe and beware of the risk we have in the coming day where US would announce its rate decision.
We are currently looking at price target at $43.80 from the current level.
Trade safe and beware of the risk we have in the coming day where US would announce its rate decision.
Komen:
Price has been falling through after EIA crude oil data gone bad. Heading towards our target
Dagangan ditutup secara manual:
Price has been reacting slowly after the sharp move from EIA Crude oil data from the previous day , we will close out our Oil short and let it stabilise before taking further decision.
Overall , the downward spiral force has weaken and it would be interesting to get the higher timeframe align its downward momentum into a upward momentum .
Overall , the downward spiral force has weaken and it would be interesting to get the higher timeframe align its downward momentum into a upward momentum .