Hi traders,
I hope you enjoyed your weekend and I wish all good trades for this upcoming week.
For this week, I am looking at a potential short-term trade to the downside in Oil. Oil broke the rising trendline last week to the downside and retested it nicely and fell back lower.
With lower lows and lower highs in progress. It should continue its weakness. Therefore, I am looking at a potential short trade for this week. The levels you can take out of the chart. Let's see whether it takes this path. I will keep you updated.
Cheers