Oil short advice on Strong Resistance
Updated
oil trading around 53.5 level as oil inventories price can up but Strong Resistance above 54 level were on daily chart we can see strong supply zone around 54.5-55 level if hold below 55.2 we can see a correction toward 51-51.5 where if close above 55.2 then it can shoot up toward 58-59 level.
use small lot sell advice from cmp 53.45-54.4 sl above 55.3 TP 51
use small lot sell advice from cmp 53.45-54.4 sl above 55.3 TP 51
Note
Trade 85 pips Green advice to move sl at cost and stay risk freeNote
Oil 52.2 as US oil inventories it can hold support around 51.8-52 level if hold this we can see a jump toward 52.8-53.5 where if breaks 51.8 then next 50.8-51Note
oil come on to TP 51.5 so now 190 yummy pipsTrade closed: target reached
Done 250 pips
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