SHORT time for USOIL due to OMICRON threat
Hi Folks:
Here's an updated view on the BRENT (UK)OIL symbol. We hit the resistance trendline of the descending channel and therefore we should be correcting towards the next support are at 71ish.
Omicron seems to be ruining everyone's Xmas and cancelling many flights and events worldwide so oil demand should be reflected pretty soon in the next release of inventory data.
Thin volume and big funds may drive price anywhere at this stage, so stay cautious.
I am feeling more comfortable holding short at this point.
STAY SAFE. Cheers
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Here's an updated view on the BRENT (UK)OIL symbol. We hit the resistance trendline of the descending channel and therefore we should be correcting towards the next support are at 71ish.
Omicron seems to be ruining everyone's Xmas and cancelling many flights and events worldwide so oil demand should be reflected pretty soon in the next release of inventory data.
Thin volume and big funds may drive price anywhere at this stage, so stay cautious.
I am feeling more comfortable holding short at this point.
STAY SAFE. Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Trade fechado: stop atingido:
Early morning was a great idea, once USA opened it became an invalid idea with an astounding bull move. Well played bulls! Need to reevaluate but remember, the trend is your friend and the channel has been broken so it all points to a continuation.
