2 months ago, when i first posted APC, i said that i would increase my short exposure if price fall below trend line (red arrow) if two conditions were met.
There you are, i took 70% of my profits when price was around 83.49.
Seems like OPEC is not only causing oil to fall, but E&P company as well. If price breaks down from the bear flag,
more bears will pounds on it tonight (though only a half-day).
Specific horizontal support to take note is 83.3, breaking down beyond means testing 78.25 for mid-term
Currently, price is still fluctuating in the middle of a monthly chart (green background)
If price is able to break the wick of 80.77, beware of a +ve divergence from RSI!
There you are, i took 70% of my profits when price was around 83.49.
Seems like OPEC is not only causing oil to fall, but E&P company as well. If price breaks down from the bear flag,
more bears will pounds on it tonight (though only a half-day).
Specific horizontal support to take note is 83.3, breaking down beyond means testing 78.25 for mid-term
Currently, price is still fluctuating in the middle of a monthly chart (green background)
If price is able to break the wick of 80.77, beware of a +ve divergence from RSI!
