Oil just hangs on to slope line

15 Ağu 2019

A weekly close below slope line, will plummet oil aggressively lower. Bounce also possible, however if you look @ recent price action and economic conditions this is very unlikely.

Possible target - 31.6$ would be a 100% trend extension.
25.8$ 2016 Low
Stop - 58$

Daily Chart


4- Hourly Chart

15 Ağu 2019

İşlem aktif

Aggressive Entry on 30-min Chart, be careful on this short time frames. It's a bit of a gamble.

15 Ağu 2019

Not

Break of possible neckline, looks to be the safer option.