Look at the arrows near breakouts and the volume. Today's breakout looks fake. Today, we still haven't crossed the previous week's high. All of these suggest that it is a bad idea to long this one.
Kommentare
Paulkennedy
⋅
Ashrith,
I believe as of yesterday you were thinking that oil would go to $49. Based on this chart you are thinking that oil prices have peaked and will go down from here?
kizly
⋅
Other parameters are also wierd for real breake out. I agree with you. Better to watch for clear signals
I believe as of yesterday you were thinking that oil would go to $49. Based on this chart you are thinking that oil prices have peaked and will go down from here?