Possibility of double top for Crude Oil
The price broke the downward trendline and for now it looks like it´s staying above.
There could be a GOOD risk reward trade to take now.
The only thing that makes me beleive it could go down is that the USD looks to rise soon but maybe oil will have its chance before it does.
Around 63 is the first and most probable target :)
There could be a GOOD risk reward trade to take now.
The only thing that makes me beleive it could go down is that the USD looks to rise soon but maybe oil will have its chance before it does.
Around 63 is the first and most probable target :)
Note
1st target hit, now we could go sideways for some day before rise againNote
Next top could be around 66.4
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