Oil---Sell Signal
Hello,
The strategy we are looking for in this is, Short.
The price has rejected the major resistance with bearish engulfing which is signal that the price may go down,
I don't really suggest to trade against the main trend, which in this case is uptrend but we will see if this works out.
The volatility is low, but the RSI and Stochastic indicates that the price have possibilities to come back in the recent support blue area.
Remember it's just trading idea I will update when I enter in this trade.
Thank You about your support.
The strategy we are looking for in this is, Short.
The price has rejected the major resistance with bearish engulfing which is signal that the price may go down,
I don't really suggest to trade against the main trend, which in this case is uptrend but we will see if this works out.
The volatility is low, but the RSI and Stochastic indicates that the price have possibilities to come back in the recent support blue area.
Remember it's just trading idea I will update when I enter in this trade.
Thank You about your support.
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