Still bearish on crude oil and looking for selling opportunity, now on the H4 chart we see how price broke below the trend line and trading at $81 but there is possibility for the price of crude in the international market to drop to $70 and even $60 in coming months, and right now to be a seller in this market for more conservative traders might want to wait for a little pull back before selling.
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.