Crude oil braked down monthly Pivot.
Crude oil trading below monthly pivot. TWO days closed below confirmed the brake down and more weaknesses can be expected in the coming days. SELL at 50.30 for Oct. 5th. Inertial target is 48.00, SL is set above 50.70.
Trade closed: stop reached
Wait for another sell set up.
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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.