Oil Short: Downtrend continues
Updated
The oil market in the following days will be very shaky but ultimately, it will reach $43 which is my first TP. From there on I am not sure about oil direction as the indicators on different time scales greatly contradict themselves and some data also contradicts other data and indicators.
Note
Nice DMA crossover. We are on our way ladies and gentlemen.Trade active
The lower BB is widening as expected on the 4H. $43 incoming.Note
We are bouncing of the 4H vwap (43.05), I think in the next 4H we should see sub 43 consolidation.Trade closed manually
Took profit, 90% partial. Will re-enter at higher levels $50. Or after $42 breaks
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