Oil is faltering near ascending trendline overbought levels on daily chart , however as price has not yet tested the resistance line and still remains in uptrend we might see 1 strong candle up because of stoploss hunting ,
we will be waiting for price to close below short term ascending trendling and look for potential sell setup in lower time frame , or may be sell if price moves higher .
Final target will be retest of ascending trendline ..
we will be waiting for price to close below short term ascending trendling and look for potential sell setup in lower time frame , or may be sell if price moves higher .
Final target will be retest of ascending trendline ..