Oil (Can Swing A bit Lower For Now)
Updated
Oil
We had an abrupt sell down last week, and it is under strong BEAR trend. So, I will say "Sell" side is a better bet as an immediate term and it can swing to a nice and strong support level such as $63.8 for now.
In the medium term, I see 59 to 61 will be a very strong support region and the price will have have a very hard time breaking down from that regions.
Let's see.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
We had an abrupt sell down last week, and it is under strong BEAR trend. So, I will say "Sell" side is a better bet as an immediate term and it can swing to a nice and strong support level such as $63.8 for now.
In the medium term, I see 59 to 61 will be a very strong support region and the price will have have a very hard time breaking down from that regions.
Let's see.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Note
It is going lower as we expected!
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