Crude Oil Sell Setup and confirmation
Updated
Crude Oil has already ended up with its bullish movement and made a breakout in both D1 and H4 time frame. now Its ready for the downtrend journey. The price already broke the support and also retested the support.
We are expecting down trend now unless any fundamental news comes. Few weeks before EU put ban on Russian OIL and Few other fundamental news released as well. For that reason, OIL was sky rocketed and now market is getting stable.
Technical Analysis:
In 17th June, market was closed at price 110.40. from the cloud breaking strategy, we can see it started to create down-trend. Again, 110-110.40 was working as one of the strongest support for OIL and a successful breakout can lead oil till 106.02 and 99.26.
Signals:
Crude OIL
SELL from 110.00
SL# 113.13
TP# 106.00
We are expecting down trend now unless any fundamental news comes. Few weeks before EU put ban on Russian OIL and Few other fundamental news released as well. For that reason, OIL was sky rocketed and now market is getting stable.
Technical Analysis:
In 17th June, market was closed at price 110.40. from the cloud breaking strategy, we can see it started to create down-trend. Again, 110-110.40 was working as one of the strongest support for OIL and a successful breakout can lead oil till 106.02 and 99.26.
Signals:
Crude OIL
SELL from 110.00
SL# 113.13
TP# 106.00
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