The upside movement in oil is very limited, and the overall trend remains bearish.
I'm not considering long positions at this point. For a trend reversal, I would need to see a breakout above 68 — ideally with some consolidation above that level. Too many “ifs” right now. For me, there’s no clear trade setup here yet.
As for short positions, it’s still too early. I’d like to see a daily close below 63.50 before considering an entry.
I'm not considering long positions at this point. For a trend reversal, I would need to see a breakout above 68 — ideally with some consolidation above that level. Too many “ifs” right now. For me, there’s no clear trade setup here yet.
As for short positions, it’s still too early. I’d like to see a daily close below 63.50 before considering an entry.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.