Crude oil may currently facing resistance level around 35.50 (0.382 retracement level & 1.0 extension level) while MACD showed negative sign as the signal line move below the zero line.
Suggested Trading Strategy:
Conservative : Short at 35.50 with tp at 25.50 and cut loss at 38.50
Aggressive : Short at 31.00 with tp 25.50 and cut loss 33.50
I would appreciate it if you give me some feedback on this technical view. Happy Trading :)
Suggested Trading Strategy:
Conservative : Short at 35.50 with tp at 25.50 and cut loss at 38.50
Aggressive : Short at 31.00 with tp 25.50 and cut loss 33.50
I would appreciate it if you give me some feedback on this technical view. Happy Trading :)