Pending Oil Short
Very basic setup here. I think it is very likely though.
This channel doesn't have much confirmation yet but a rejection in the marked area would be a very strong short indicator. A little relief rally will get it there but bearish expectations from the China PMI number will continue the sell-off into oil reports.
Good luck to all!
This channel doesn't have much confirmation yet but a rejection in the marked area would be a very strong short indicator. A little relief rally will get it there but bearish expectations from the China PMI number will continue the sell-off into oil reports.
Good luck to all!
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