Even though i don't really emphasize technical buildups while trading oil, but from the fundamental outlook it doesn't look like we have found a bottom yet. Let's see what opec meeting bring's us, as of now i am looking to cut my longs at 49.49 and monitor price action to switch to shorts
Note
OPEC couldn't reach an agreement , we are attacking $40 eventually, that's where i would exit since its a psychological level
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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.