In my previous analysis I described the bullish scenario that Oil will rally from the bottom of the channel to its top.
Now that Oil did hit the top of the channel, as projected, it is time to think about bearish trades.
In fact, those of you who have read my weekly newsletter could have seen the potential Sell Zone I've mentioned few weeks ago.
Today, Oil confirmed that 58-60$ was indeed a resistance zone
Oil is testing the Fast MA line as support but is seems like we should focus on bearish trade in the near-mid term future.
Now that Oil did hit the top of the channel, as projected, it is time to think about bearish trades.
In fact, those of you who have read my weekly newsletter could have seen the potential Sell Zone I've mentioned few weeks ago.
Today, Oil confirmed that 58-60$ was indeed a resistance zone
Oil is testing the Fast MA line as support but is seems like we should focus on bearish trade in the near-mid term future.