WTI Crude ($55 will be one tough resistant level)
View On Crude Oil (13 Feb 2019)
As per our previous trade analysis, the price had hit our TP2 level of $53.5,
Now we are seeing $55 level as very strong resistant and the price may have a hard time breaking it up.
It may be in the early stage of an upcoming sell down.
We will update you again as it starts to play out in our way.
DYODD, all the best and read the disclaimer too.
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Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
As per our previous trade analysis, the price had hit our TP2 level of $53.5,
Now we are seeing $55 level as very strong resistant and the price may have a hard time breaking it up.
It may be in the early stage of an upcoming sell down.
We will update you again as it starts to play out in our way.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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As per our previous trade analysis, We highlighted that $55 level is strong resistant and expect to go lower after that.
The price indeed rushed up on 55 regions.
But for the short position, it is better to make sure we the a strong rejection (Bear) candle to appear first.
If you already have a short position, do not add a new one.
We move our view from Slight Bearish to Neutral for now.
I will update again.