Oil Short: Downtrend continues

The oil market in the following days will be very shaky but ultimately, it will reach $43 which is my first TP. From there on I am not sure about oil direction as the indicators on different time scales greatly contradict themselves and some data also contradicts other data and indicators.

Kommentera:

Nice DMA crossover. We are on our way ladies and gentlemen.

Kommentera:

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Handel aktiv:

The lower BB is widening as expected on the 4H. $43 incoming.

Kommentera:

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Kommentera:

We are bouncing of the 4H vwap (43.05), I think in the next 4H we should see sub 43 consolidation.

Kommentera:

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Trade stängt manuellt:

Took profit, 90% partial. Will re-enter at higher levels $50. Or after $42 breaks