I'm looking to go short this morning, considering there may be more profit taking, and a risk off attitude before today's oil inventory data. Using the downward trend line as my stop, if we hold below, will look to target $50.
If we break above the downward resistance trend line (shown on chart), I'll reconsider for a long trade opportunity
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.