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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✅Join My FREE Telegram Channel:
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✅Contact Me for Signals:
t.me/toptradingsignalsfx
✅My Website: toptradingsignals.net/
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t.me/top_tradingsignals
✅Contact Me for Signals:
t.me/toptradingsignalsfx
✅My Website: toptradingsignals.net/
✅My Broker: go.tradenation.com/visit/?bta=37174&brand=tradenation
Related publications
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.