80$ presents a very strong ceiling for Crude Oil. On the 4hr and Daily we have seen many failed attempts.
Fundamentally, oil has higher projections, but the technicals don't lie.
I am now short Crude Oil based on the obvious rejection of this 80$ zone.
However, i may come out of the trade if we fail to break through the red circle - That 4hr trendline has been reliable for the bulls.
Fundamentally, oil has higher projections, but the technicals don't lie.
I am now short Crude Oil based on the obvious rejection of this 80$ zone.
However, i may come out of the trade if we fail to break through the red circle - That 4hr trendline has been reliable for the bulls.