Oil will continue to retrace soon

Oil still in the bullish Consolidaion Zone, but MA55 is moving to the south.
So I set up a short here with 1/3 positions.
Once break down the blue line,will retrace deeper.

تعليق:

Update chart
Oil still in bullish consolidation Zone, don't be surprised for the bounce, always take care for protecting your capital or profit in hand. My fist short position was out, but fortunately i moved the stop to protect the profits. After seeing red color bar I went to short again at $50.36. once break up the blue trendline, I'll close the trade and wait for more clear signals.
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تعليق:

will continue to drop soon?
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