Oil seems to have no achieved a new structural high to continue it Bullish Breakout from Monday. If this is the case then this can be perceived as a start of corrective movement to get back into its earlier long term Bearish trend.
If Oil continues to fall and reaches the lower trend support line, watch carefully for the breakout and hop on a SHORT position. If this breakout becomes fact it is highly likely that oil will fall below the next support level and back on the long term bearish trend.
Safe and successful trading!
If Oil continues to fall and reaches the lower trend support line, watch carefully for the breakout and hop on a SHORT position. If this breakout becomes fact it is highly likely that oil will fall below the next support level and back on the long term bearish trend.
Safe and successful trading!