Sell The Rally Again For Oil

For this week, 15 to 19 Aug 2022 for oil market I still prefer to sell as the daily chart is still indicating bearish trend. Last week whenever price managed to rise above SMA 50 it failed to stay above. Future could is also still bearish. So I defined the selling zone with stop area and the possible target profit zone.

Trade well and wisely.
Ichimoku CloudTechnical IndicatorsOilselltherallyshortoilTrend Analysis

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