Technically Speaking
Resistance at 52 held. That level has not been cleared since October 2015. It looks likely that oil will retest the early August low at ~40.00.
What to do?
I think the top of the range has clearly been established at ~52. If we get to 40, we will see if it holds. For now, that is the range I would look to trade 40-52.
Resistance at 52 held. That level has not been cleared since October 2015. It looks likely that oil will retest the early August low at ~40.00.
What to do?
I think the top of the range has clearly been established at ~52. If we get to 40, we will see if it holds. For now, that is the range I would look to trade 40-52.
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Disclaimer
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.
Related publications
Disclaimer
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.