Oil
Monthly
Monthly continuation down
Psychological support level 50
Strong 43.5 level
Weekly
Expecting weekly continuation down
R/R high as price is really close to 55 last's month low level
Conclusion
Not a good trade setup
However long term is down maybe all the way to weekly or monthly RSI 30
Monthly
Monthly continuation down
Psychological support level 50
Strong 43.5 level
Weekly
Expecting weekly continuation down
R/R high as price is really close to 55 last's month low level
Conclusion
Not a good trade setup
However long term is down maybe all the way to weekly or monthly RSI 30
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