WTI CRUDE OIL, SHORT, DAY CHART (13-NOV-2016)
Recently quite strong bearish market behavior.
A weak flag also appeared which might suggest the bearish trend will be continued.
If it breaks the support zone around 43.00-43.10, it will be good to short.
R/R ratio will be around 1:1.32
If after breaks the support zone, it pulls back to the zone, look for another bearish signal to short again.
A weak flag also appeared which might suggest the bearish trend will be continued.
If it breaks the support zone around 43.00-43.10, it will be good to short.
R/R ratio will be around 1:1.32
If after breaks the support zone, it pulls back to the zone, look for another bearish signal to short again.
Note
We will see if the price of crude oil will go down again this week or bounce back from the previous support zone...
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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.