On the 1 hr TF we see that
Confirmation of downward trend if responsibly passes 74.6 S1
Target1 73.74,
Target 2 VWAP 73.5,
Target 3 Bottom BBand at ~72
Short term trading, no long term holds.
Note: yday OPEC meeting still inconclusive - can have impact based on outcome.
- MACD crossover, possible HS, bearish volume continues to build
- RSI continues to get LL
- Pressure on top BBand
Confirmation of downward trend if responsibly passes 74.6 S1
Target1 73.74,
Target 2 VWAP 73.5,
Target 3 Bottom BBand at ~72
Short term trading, no long term holds.
Note: yday OPEC meeting still inconclusive - can have impact based on outcome.