OIL.. Approaching channel top once more -
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OIL 8 hr - WE hold the top again we in for a decline once more.. Overall if the fall shapes up - tgts 44 lvl..
Note
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OIL 4 hr - From general view to 2 scenario -
Summary - While we can try once more to bounce up for around mid 50.XX and get double tops - As long as we hold the listed resis - we can expect a move towards 48 handle - A clean break & close under shapes up for a 44 USD move..
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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.