1. Broke Trendline
2. Multiple higher high attempt in Price action but fails and now we can see a lower low
3. RSI decreasing with RSI over bought a week a go
4. EMAs crossing over with the price action breaking through the EMAs.
** Fundamentals play strongly in pulling the trigger as we foresee weak oil prices remaining depressed for a while.
2. Multiple higher high attempt in Price action but fails and now we can see a lower low
3. RSI decreasing with RSI over bought a week a go
4. EMAs crossing over with the price action breaking through the EMAs.
** Fundamentals play strongly in pulling the trigger as we foresee weak oil prices remaining depressed for a while.