This week has been eventful. For those who are using inverted ETFs to ride the fall of Oil down, you have had a shaky week.
This week will continue into the next.
The ceiling of 49.5 has yet to be tested. The 21 EMA is in the way and should provide the resistance required for move the price back down.
The price projections have 47.8 - 48.09 as target prices with the 21 EMA currently sitting around 48.94
I am still overall SHORT on this, However, I am just warning of a up turn in the negative trend.
This week will continue into the next.
The ceiling of 49.5 has yet to be tested. The 21 EMA is in the way and should provide the resistance required for move the price back down.
The price projections have 47.8 - 48.09 as target prices with the 21 EMA currently sitting around 48.94
I am still overall SHORT on this, However, I am just warning of a up turn in the negative trend.
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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.