[US-OIL] Another red wave for oil?
Updated
Weekly chart is showing that the upside momentum is slowing down which may indicate the first move of a downtrend.
If price goes above 67.60, bullish outlook.
If price goes below 65.60, bearish outlook.
Trade closed: stop reached
Broke above the consolidation zone. Potential was great, but did not break.
Now potentially looking for long positions.
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.