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Oil is Bullish but Historical Sellers are Close

By:
Nenad Kerkez
Published: Sep 27, 2021, 08:32 UTC

Oil is in uptrend but it’s getting close to historical resistance. Daily candlestick/pattern configuration is a signal for a short trade.

Oil is Bullish but Historical Sellers are Close

In this article:

At this point we can clearly see the resistance. It’s highlighted in green. If we saw the market moving down that would be considered a pullback. I am aiming for a short trade on a bearish candlestick pattern configuration. Watch for it on a daily TF and look for 71.60 and 70.20 as the targets.

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Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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