Short Crude oil
1. Price was sold down from resistance showing a possible price reversal.
2. Seasonally Crude oil is bearish for the month of January.
3. Price has broken below MA line.
4. Further bearishness can be confirmed if price breaks below upwards trendline.
5. COT contracts is at bearish zone
Short until downwards trendline is broken.
2. Seasonally Crude oil is bearish for the month of January.
3. Price has broken below MA line.
4. Further bearishness can be confirmed if price breaks below upwards trendline.
5. COT contracts is at bearish zone
Short until downwards trendline is broken.
Trade active
Broke through support. See how far it goes before closing trade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.