Oil Sell Setup as per Monthly Chart.
Updated
Details on chart.
Comment
Stop now at BE.Comment
Break of 40 will drive oil towards 38 and 37.Comment
Sell jumps of oil.. it is still under 42.5 and under 55 sma on 4hr chart... Daily closing required above 42.5 to calm sellers.. till then it is on sellComment
Oil can fall below 40 again today... possibilty on cards!!!Comment
Key figure for today is 39.9... above jumps are expected and if that gone that oil in coming week towards 37Comment
For today, as far as oil is above 41.4 it is bullish.. below it will turn bearish with downside consolidation.Comment
Sell oil once it takes out 41.4 for targets towsrds 41 and 40Comment
Oil taken out 41.4... Now move towards 41 and 40.6 likelyComment
We are approaching close to Seasonal Bearish months.. i am short and will remain short for coming months.. lets see how far this relief rally goes upside..Comment
Oil data today and market already crazy.. oil can jump from market prices 42.25.. stop of buy will be 41.9 and stop of sell now at 43.5. Market bit crazy now a days in currencies too.. lets market take some decision and till then i am at sidewaysDisclaimer
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.