Crude OIL has approached new highs following on going tension between Russia and Ukraine and now things are likely to seem normal. Technically, OIL has formed Evening Star candlestick pattern on daily chart at monthly pivot resistance level and momentum indicator MACD gives fresh sell signal, indicate oil has found top .
Once oil slides below confirmation level, bears may enter aggressively. And if OIL climbs above invalidation level then we will see 100 level oil.
Happy trading.
www.aqnworld.com
Once oil slides below confirmation level, bears may enter aggressively. And if OIL climbs above invalidation level then we will see 100 level oil.
Happy trading.
www.aqnworld.com