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Oil Sell Setup as per Monthly Chart.

newbie2016の投稿

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Details on chart.

Stop now at BE.

Break of 40 will drive oil towards 38 and 37.

Sell jumps of oil.. it is still under 42.5 and under 55 sma on 4hr chart... Daily closing required above 42.5 to calm sellers.. till then it is on sell

Oil can fall below 40 again today... possibilty on cards!!!

Key figure for today is 39.9... above jumps are expected and if that gone that oil in coming week towards 37

For today, as far as oil is above 41.4 it is bullish.. below it will turn bearish with downside consolidation.

Sell oil once it takes out 41.4 for targets towsrds 41 and 40

Oil taken out 41.4... Now move towards 41 and 40.6 likely

We are approaching close to Seasonal Bearish months.. i am short and will remain short for coming months.. lets see how far this relief rally goes upside..

Oil data today and market already crazy.. oil can jump from market prices 42.25.. stop of buy will be 41.9 and stop of sell now at 43.5. Market bit crazy now a days in currencies too.. lets market take some decision and till then i am at sideways