✅OIL is trading in rising channel But oil is overbought And we are seeing some bearish price action So IF we see a breakout from the channel Bearish continuation will follow SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! CRUDE OIL is growing from the horizontal support line And the price is headed for the retest of the resistance level above From where I am expecting a bearish reaction And I think that after the retest of the level The price will fall towards the target on the chart Sell! Like, comment and subscribe to boost your trading! See other ideas...
Hello,Traders! CRUDE OIL is trading in a kind of a massive wedge And now oil is falling down to retest the rising support From where I am expecting a local pullback With the final target being the horizontal resistance above! Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Hello,Traders! CRUDE OIL fell sharply from the highs On the news of the greater than anticipated reserves Now, we are seeing oil rebound to retest the higher supply levels And while its hard to predict oil behavior now I think that the resistance above is strong enough to cause a pullback Which can be played in our favor Sell! Like, comment and subscribe...
Hello,Traders! CRUDE OIL is etching closer and closer to the weekly resistance While trading in a steep rising channel I think that once oil hits the resistance We will see a pullback And IF the rising channel breaks to the downside We will see a full fledged correction Sell! Like, comment and subscribe to boost your trading! See other ideas below too!