Oil trending down. Not an optimal entry at this moment
Moderate confidence
Weekly bearish engulfing.
Thinking it will test and maybe crack 64.5 level soon
TP: 64.5
TP: Weekly continuation until seeing otherwise
Bullish case
At the 200 week SMA so keep positions small
Note: US strikes in the Middle East happened post market on Friday so be cautious on Monday open (maybe catch weekly high for a short entry)
Weekly bearish engulfing.
Thinking it will test and maybe crack 64.5 level soon
TP: 64.5
TP: Weekly continuation until seeing otherwise
Bullish case
At the 200 week SMA so keep positions small
Note: US strikes in the Middle East happened post market on Friday so be cautious on Monday open (maybe catch weekly high for a short entry)
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