QUICK UPDATE - Beginning of week 16-20
Hey peeps... oil closed on Friday night at 68.48 and gapped down a lil bit on NY Midnight Open ... from there it has continued straight to 68 levels... I am expecting oil to reach 67 levels at first.. with all this "BAD CHINESE ECONOMIC DATA" followed by a dump to 66.3 which would play a crucial role in "direction taking".
OIL is still in a downtrend... expect to see small retracements from time time... do not forget.. we have dropped from 78 to 64.8 in less than a month...14% quite a big number.
I can still see oil achieving new lows before even starting the flip into an uptrend...
stay tuned.. I ll post an idea tomorrow after NY session... things would get clearer.
Trade safe and green!
OIL is still in a downtrend... expect to see small retracements from time time... do not forget.. we have dropped from 78 to 64.8 in less than a month...14% quite a big number.
I can still see oil achieving new lows before even starting the flip into an uptrend...
stay tuned.. I ll post an idea tomorrow after NY session... things would get clearer.
Trade safe and green!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.