Starting to scout a bearish position on oil
RSI and macd starting to show divergences and daily chart showing rising wedge. Starting to scout a bearish position on oil, preferable on a backtest of the 4 hour 20MA, or clear break of the wedge. 4 hour chart already has lost higher lows, but daily chart still looks strong. Stop loss will be a new high that also closes outside the upper wedge.
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