Oil Short incoming.
As predicted last week, there was not a good short opportunity towards the end of the week.
Now we have noticed some weakness, showing bearish inside bar on 4 hour chart.
It's a sign oil might have hard time making another upward move.
Showing rising wedge lately and possibly with one more small leg up then it could be big sell opportunity.
Take a look at my previous analysis and I have very solid fundamental reason to back up short-mid term oil sell off
As predicted last week, there was not a good short opportunity towards the end of the week.
Now we have noticed some weakness, showing bearish inside bar on 4 hour chart.
It's a sign oil might have hard time making another upward move.
Showing rising wedge lately and possibly with one more small leg up then it could be big sell opportunity.
Take a look at my previous analysis and I have very solid fundamental reason to back up short-mid term oil sell off
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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.
Related publications
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.