*Update: First half was closed at first target, moved stop to breakeven, second half was closed at breakeven...
NYMEX Crude Oil is retesting a key near term area:
-Main falling trend line for bearish trend -127.1 Fibonacci extension for the latest bearish wave -the 50-days Simple moving average -Horizontal resistance which rejected price previously. -Potential pin bar at this resistance area.
We will probably see a price attempt to resume the overall bearish trend. Nothing is certain so keep stops tight :)
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Good luck, keep your stops tight.. My best regards Technician
التعليقات
ChimbOt
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nice i got into dwti before u posted this
IvanLabrie
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Your target makes sense, should be interesting to see if it reverts to bullish at that level.
GumerShafigulin
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Hello! Is it time to sell crude oil?
Technician
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This trade was earlier
GumerShafigulin
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I see. Do you have any idea will the light sweet crude oil go up or down next days?
Technician
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This is my latest post on crude today tradingview.com/v/tLe1hw3o/ .. Sideways bias is likely unless we break the mentioned levels
GumerShafigulin
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Thank you!
GospodE
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Good work Sir. !
steel.139
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good call !!!! it look like target2 will be touched soon.
gunne821
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Good call. Dou you see oil going below 43.53? I believe 43-44 was a multi year old support line. Do you think that support will be broken, and if so, where is your downside target? Thanks in advance.