Oil feels a little tired in the current highs, and the stochastic is turning negative, and we are in to the BB high as well.
I feel sell strategy between $ 79-80.50 with a stop-loss $ 85 to be a reasonable trade strategy. The profit objective in the low $ 72s.
the strategy is a very short-term one, and that is why the the sop and profit levels are within close reaches.
I feel sell strategy between $ 79-80.50 with a stop-loss $ 85 to be a reasonable trade strategy. The profit objective in the low $ 72s.
the strategy is a very short-term one, and that is why the the sop and profit levels are within close reaches.
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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.