Reasons to be short on OIL
1) Weekly Shooting Star
2) Daily Shooting star
3) 2016 trend line acting as a resistance
4) Weighted average CAD made numerous attempts to break ALL TIME trend line as failed
5) USDCAD last week broke the range and closed above it. It is also bouncing nicely off the EMAs
6) Do not forget the nice H S on hourly
First target 62.17 and then 62.
1) Weekly Shooting Star
First target 62.17 and then 62.
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