WTI OIL Still Below Key Level! Bearish Bias! Sell!
Hello,Traders!
OIL is trading in an uptrend and is very bullish
Due to it being oversold previously
And also due to the positive fundamentals picture
However, it has reached the first major resistance level
And failed to break it during the first attemtp
While this level remains unbroken
I will be bearish biased but any short needs to be low risk
Because it goes counter to the trend
Any long position before the breakout is also unadvisable
Or permitted with lower risk
If this level gets broken
The next major resistance level for Oil is 76.5$
Sell!
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