Oil it has formed a head and shoulders pattern and signs of fading momentum . It has broke the lower zone to the top zone and has come back to the lower zone. The market is shifting sideways at the moment and I will only look at the this if it break the neckline for a possible long term trade.
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.