Oil in downward channel 77 next ?

2 мая

Oil is in downward channel recent price rejected from 79.80 top of the channle expecting it test 78 and 77 if this price action follow through happens mentioned levels possible.

2 мая

Заметка

as expected it to test 78 made a short entry

2 мая

Заметка

Missed by few cents to 78 made double bottom exited there

4 мая

Сделка активна

78 level acheived

6 мая

Заметка

Aproaching resistane here if rejected we might see 78 and again if continues further 77 will possible. Over resistance if sustains shorting invalid

6 мая

Заметка

6 мая

Заметка

8 мая

Сделка закрыта: достигнута тейк-профит цена

77 acheived

11 мая

Заметка

Resistance strong at 80 area trading in range of 77-80 until break out happens out of this range ,one can patiently wait for extremes of this range and watch for rejection or breakouts low/high of the ranges will be good probability trades with low risk high profit trade.