Oil
Monthly
Monthly continuation down
Psychological support level 50
Strong 43.5 level
Weekly
Expecting weekly continuation down
R/R high as price is really close to 55 last's month low level
Conclusion
Not a good trade setup
However long term is down maybe all the way to weekly or monthly RSI 30
Monthly
Monthly continuation down
Psychological support level 50
Strong 43.5 level
Weekly
Expecting weekly continuation down
R/R high as price is really close to 55 last's month low level
Conclusion
Not a good trade setup
However long term is down maybe all the way to weekly or monthly RSI 30
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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.
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.