Yesterday was a nice bullish day. Now it`s time to breathe a bit slower :-9 The oil Chart is turning more and more green....the present shortterm uptrend is dominant and nice to watch the forming of the 1-2-3`s . Here i just illustrate a technical overview with allfor me important levels to watch.
Feel free to comment my view!
Former view: Textbook Inverse H&S
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reached important action point!
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if we can`t recapture the niveau above 46.5 the support turns into a heavy resistance
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ok, the trendbrake and break of the last "3?" was THE Signal to short... the Chart is turning more and more red.... but watch the rsi - he is very oversold! everytime a countermove could be initiated
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And here is the from the rsi early signed countermove...former downtrend in combo with the shortterm uptrend have been a loadable supportzone!