Oil Sell

I opened my short position from 48.55 from 45.55.

Note: This is not a trading advice.

Note

Position is still open

Note

Corrective trend continued for crude oil as it lost $0.69 to close at $46.24. Oil is expected to test support at the 50-DMA that stands at $45.53; where a fall below will target $44.28. However, any upside will face resistance at $46.94 (14-DMA). Meanwhile, the RSI and the Stochastic Oscillator are moving down, supporting a negative view.

Note

Target 45.55 achieved trade closed

GoGreen

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.

GoGreen