Presented is a 1 hr chart analysis leaning towards a sell off. We are retesting our top resistance area of 70.00. With immediate volatile action in this zone sentiments a sell off.
$70 a barrel seems to be our top target reversal. I have 2 take profit targets of 68 and 66.50. Price action is consistent with oil making these targets ever more accurate.
RSI and SRSI are loading up for a sell off out of the overbought zone.
Important to keep in mind a break and close out above 70 will shoot to retest 71. Enter after a significant sell off bar that initiates strong reversal.
Please comment with thoughts and ideas. Thank you.
$70 a barrel seems to be our top target reversal. I have 2 take profit targets of 68 and 66.50. Price action is consistent with oil making these targets ever more accurate.
RSI and SRSI are loading up for a sell off out of the overbought zone.
Important to keep in mind a break and close out above 70 will shoot to retest 71. Enter after a significant sell off bar that initiates strong reversal.
Please comment with thoughts and ideas. Thank you.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.