Hi Traders. If you've been following my analysis, I've talked about multiple selling opportunities on Oil since 120, 119, and 116.
If you've taken the advantage to squeeze in some short positions, you're in a quite a good position now.
As price still shows Bearish signs, I do expect further downwards pressure possibly towards 115.
However, if price pullbacks, 112.40 (previous S&R structure) could be another great sell zone.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
If you've taken the advantage to squeeze in some short positions, you're in a quite a good position now.
As price still shows Bearish signs, I do expect further downwards pressure possibly towards 115.
However, if price pullbacks, 112.40 (previous S&R structure) could be another great sell zone.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
