Oil in Resistance level, already in short positions
Updated
As peak in Oil was created arround 85usd, i expect oil to be continued down or range bettwen 82-77 and then all the way down till 67 zone
Note
that s my view in Oil this year
Trade active
Note
a new short on the zone, i didn't t expect a new H what will invalidate the setup, As i didn't t expect that yesterday move, but anyway every time when the oil is in liquidity zone is highly manipulated!
Trade closed: stop reached
I will update around 92 as saudi and russian cut the production to manipulate the price i believe price is unstoppable but still think FED will not allow that because of inflation and will intervene, we will see the story but as high the price as much the profit in short will be...As slowdown in economy i don t see that price as real and long term supportive (maybe only for keep the war in place for long term and selling guns)....
twitter @mihaipetrea6
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telegram:@learntotrade20
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