Be careful that the momentum in the Oil price will likely change to the downside.
Bearish Divergence is here.
This could be opportunity to short.
We see prices around 66 USD, representing the median for oil price forecast by Q1 19.
Bearish Divergence is here.
This could be opportunity to short.
We see prices around 66 USD, representing the median for oil price forecast by Q1 19.
Note
Just written, now happened. Break of structure ... I am not short :(Note
From technical perspective the chart doesn't look promising. But there is a chance that may turn to the positive. I am not sure and do not go short.
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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.