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OIL Bear Trap on important Support Level

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MarketMinds  
CURRENCYCOM:OIL_BRENT   None
Trend Analysis Chart Patterns Technical Indicators Oil oiltrading oilprice oillong comodity comodities commoditysignals LONG beartrap
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trendanalysis chartpattern indicator oil oiltrading oilprice oillong comodity comodities commoditysignals long beartrap
Hello Traders,

Here is a quick and simple analyses on OIL, that made an Bear Trap on important Support level, and we consider traps the most important indication of price action for decision making in trading.
We belive the price has a chance to test the next important resistance level.

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Best regard Sandro and Gustavo.
Feragatname

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