Crude is rounding out right at key levels of resistance and it is looking like a short as the price is breaking short term bullish structure to the downside. Key targets are shown by the circles noted on the chart.
-bearish divergence on multiple timeframes
-multiple resistance levels in play
I have personally been scaling into a short position as we have been approaching the various levels of resistance (so I am biased).
-bearish divergence on multiple timeframes
-multiple resistance levels in play
I have personally been scaling into a short position as we have been approaching the various levels of resistance (so I am biased).