Oil False Break and New Supply
Oil has been in Compression in a Downtrending Channel .
Price broken the Channel and has since printed a False Break.
With this a New Supply Zone was created.
With this price action a short side consideration is on chart.
Price broken the Channel and has since printed a False Break.
With this a New Supply Zone was created.
With this price action a short side consideration is on chart.
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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.