49-50$ was the weekly resistance zone I mentioned in this week's newsletter (subscribe on my website)
The focus was on the MA lines (200 and 50) that, for now, hold Oil from advancing higher.
Stop loss for bearish swing trades should be at least above 51$
First target zone - 48$
The focus was on the MA lines (200 and 50) that, for now, hold Oil from advancing higher.
Stop loss for bearish swing trades should be at least above 51$
First target zone - 48$
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.