USOIL BEARMARKET?
So yesterday I stated OIL was at it's make or break zone...we had a push up from our second buy which we did manage to salvage some profits from before it came back down past our entry.
If OIL can close below the $64.50 region on the daily then the bears should now be in control...for those that saw the updated comment I put on the last video I stated that a break and test and close below $64.50 and we will take shorts, this is exactly what we have done and now we are in nice profit! Bears should begin to take over from here and we should see a nice decline towards $60 a region.
If OIL can close below the $64.50 region on the daily then the bears should now be in control...for those that saw the updated comment I put on the last video I stated that a break and test and close below $64.50 and we will take shorts, this is exactly what we have done and now we are in nice profit! Bears should begin to take over from here and we should see a nice decline towards $60 a region.
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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.