Oil is reaching it's limit.
This is Oil futures Weekly chart👆
as you can see, $112 has been a very strong resistance level back in 2010-2014.
Not to mention the strong bearish divergence on BlueWave on the daily and weekly timeframe
Shorting Oil will work out, the hard part is knowing when.
I wouldn't recommend playing short term options, as time doesn't favor options.
as you can see, $112 has been a very strong resistance level back in 2010-2014.
Not to mention the strong bearish divergence on BlueWave on the daily and weekly timeframe
Shorting Oil will work out, the hard part is knowing when.
I wouldn't recommend playing short term options, as time doesn't favor options.
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