Looking to speculate oil prices to hit the mainstream news causing interest in the OIL prices before investors dump the oil.
Since The Russian oil price cap no longer works (people buying Russian oil for more than $60 a barrel). OPEC will continue trading business as usual no longer putting a cap on oil reducing prices down to actually hit $60 a barrel for...
After breaking the support level, I decided to take a short position.
Because:
Moving average 50 was steady and after breaking support there will be an impulse short position for the month.
Hourly candle indicates:
readjustment failed to reach support level so another impulse short happened.
After second readjustment the resistance was broken so...
