Price has been in a correction since the start of June this month, and we are seeing a potential completion of the correction around 66.79 - 67.27 area.
We are holding a bearish bias on oil and will be targeting around the 64.05 and 62.35 area.
*Disclaimer - This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
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.