Short
CRUDE OIL - SELL strategy
Crude oil starts looking to start its long awaited correction.
The MA cross is negative (9,21) and the Haikin Ashi has changed trend, suggesting we should be in the sell mode for now.
Strategy for the short-term is to sell current $ 80.30 and place a stop-loss above 83.80.
I feel we may reach $ 68/barrel again, but suspect it may stall around $ 70/barrel handle.
The MA cross is negative (9,21) and the Haikin Ashi has changed trend, suggesting we should be in the sell mode for now.
Strategy for the short-term is to sell current $ 80.30 and place a stop-loss above 83.80.
I feel we may reach $ 68/barrel again, but suspect it may stall around $ 70/barrel handle.
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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.