Hello everybody,
The Oil Future was in equilibrium but broken after that in point A, then it came back to the rectangle in point B and break it in point C.
The break-in point C shows that for today, Oil will go down, in a decreasing trend.
So, selling oil would be a good choice for today.
But we should pay attention, if the stock break the resistance, it could return to the rectangle of equilibrium.
The Oil Future was in equilibrium but broken after that in point A, then it came back to the rectangle in point B and break it in point C.
The break-in point C shows that for today, Oil will go down, in a decreasing trend.
So, selling oil would be a good choice for today.
But we should pay attention, if the stock break the resistance, it could return to the rectangle of equilibrium.