OIL - Getting Slippery?🩸

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📉 After breaking below the last major low marked in red at $84.5, OIL has been overall bearish, trading within the rising channel in blue.

📈 For the bulls to regain control, a break above the last major high marked in blue is needed.

📚 Meanwhile, OIL would be bearish and can still trade lower to test the $75 - $76.25 support zone.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich