Brend crude oil double top or breakout?
Oil price have been having a good momentum rally and sweet bull honey moon in the past 4 weeks and reach the resistance currently.
Long call buyer are expecting them breakthrough resistance and reach 125 in this year.
However, resistance is full of short call at 86 currently..
best ideal strategy to short it is short it on fake breakout when is failed hold above 84
However, if the oil price break above 87 and managed test with no seller supply successfully, we are bullish the next target price above 90usd.
Long call buyer are expecting them breakthrough resistance and reach 125 in this year.
However, resistance is full of short call at 86 currently..
best ideal strategy to short it is short it on fake breakout when is failed hold above 84
However, if the oil price break above 87 and managed test with no seller supply successfully, we are bullish the next target price above 90usd.
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