Oil in downward channel 77 next ?

2 de mai.

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 de mai.

Nota

as expected it to test 78 made a short entry

2 de mai.

Nota

Missed by few cents to 78 made double bottom exited there

4 de mai.

Trade ativo

78 level acheived

6 de mai.

Nota

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

6 de mai.

Nota

6 de mai.

Nota

8 de mai.

Trade fechado: objetivo atingido

77 acheived

11 de mai.

Nota

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.