Bearish
Aggiornato
Sell signal was given at 116. Its down by 20 dollars. Price is down by 18.25% since then. Its not over. In my view down trend in oil has started just now.
129.42 may be the short term top seen in oil which will take few months or years to break. View is bearish. Weekly close below 94 Oil is heading towards 85.39/76.95/66.15/62.46. View negated if closes above 105.
129.42 may be the short term top seen in oil which will take few months or years to break. View is bearish. Weekly close below 94 Oil is heading towards 85.39/76.95/66.15/62.46. View negated if closes above 105.
Nota
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Nota
US Oil made low of 87.x nearly 25% down from 116 levels. With some retracement its most likely to go down even further in coming days.Nota
US Oil made low of 72.x nearly 36% down from 116 levels. With some retracement its most likely to go down towards the eventual target of 62.46.
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