Moderate confidence
Weekly bearish engulfing.
Thinking it will test and maybe crack 64.5 level soon
TP: 64.5
TP: Weekly continuation until seeing otherwise
Bullish case
At the 200 week SMA so keep positions small
Note: US strikes in the Middle East happened post market on Friday so be cautious on Monday open (maybe catch weekly high for a short entry)
Weekly bearish engulfing.
Thinking it will test and maybe crack 64.5 level soon
TP: 64.5
TP: Weekly continuation until seeing otherwise
Bullish case
At the 200 week SMA so keep positions small
Note: US strikes in the Middle East happened post market on Friday so be cautious on Monday open (maybe catch weekly high for a short entry)
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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.