May Oil run out of fuel?

2017年9月13日

As Brent Crude Oil is reaching the previously reached top around $54.77 price level, it seems that short term, short positions are could be a good option in the next couple of hours. The resistance line Oil is facing seems to be a strong resistance. As long as Oil is above the upward green trend line long positions are favorable, when it break the trend obviously opposite positions (short) would be favorable.