I insisit on my shorts. Another double resistance hit!
Hi Folks:
Once again we have hit 2 important resistance on today's session: previous high and ascending channel upper trendline.
I believe shorts will take control from here after the release of bearish API data.
I remain bearish in the short time, and bullish in the long term.
Kazakhstan conflict seems to be calming, Lybia and Nigeria output restored, Omicron hitting China and more lockdowns coming in the biggest oil consumer country.
On the bull side we have the USD softening and the EIA report upgrading oil average for 2022.
First target 77 followed by 73, then reevaluate conditions.
STAY SAFE. Cheers.
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Once again we have hit 2 important resistance on today's session: previous high and ascending channel upper trendline.
I believe shorts will take control from here after the release of bearish API data.
I remain bearish in the short time, and bullish in the long term.
Kazakhstan conflict seems to be calming, Lybia and Nigeria output restored, Omicron hitting China and more lockdowns coming in the biggest oil consumer country.
On the bull side we have the USD softening and the EIA report upgrading oil average for 2022.
First target 77 followed by 73, then reevaluate conditions.
STAY SAFE. Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Feragatname
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