Crude technical short
Crude has retraced almost 100% from previous bottom forming higher high and higher low.
As per pitchfork it is trading within a channel respecting the boundaries.
RSI and STOCH are in overbought region indicating a possible reversal.
55.2 is resistance line.
Go short below 54.1 with SL at 55.2 for T1 52.5 and T2 50.0.
As per pitchfork it is trading within a channel respecting the boundaries.
RSI and STOCH are in overbought region indicating a possible reversal.
55.2 is resistance line.
Go short below 54.1 with SL at 55.2 for T1 52.5 and T2 50.0.
Trade active
Trade activeTrade closed: stop reached
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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.