We are seeing a potential and expected retracement in Oil and it shall not last long.
The level such as 52.7x will be a nice support level.
Once the correction is over, it can rise back to $60.3 or even $65.8
In stead of shorting, I am rather waiting for a better Long entry.
Trade Safe,
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes, and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery is not responsible for any liabilities arsing on the result of your market involvement or individual trade activities.
The level such as 52.7x will be a nice support level.
Once the correction is over, it can rise back to $60.3 or even $65.8
In stead of shorting, I am rather waiting for a better Long entry.
Trade Safe,
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes, and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery is not responsible for any liabilities arsing on the result of your market involvement or individual trade activities.
Telegram: t.me/sonictraders
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