55 sma setup.. Oil close to big resistance... Sell!!!!!

55 sma setup.. Oil close to big resistance... Sell!!!!!

Chart depicts everything..

Comentarios:

Daily with 10 Sma resistance..

Comentarios:

It broke above that 55 sma but downside is not over yet..!!!!!!!! a lot more confirmations required for bearish momentum to fade away.. as all higher time frames still suggesting fall... watch out 20 ema on daily.. I am expecting move towards 47 and low...