CRUDE
4 hr TF - Falling wedge. so will go upside for targets in blue.
BUT on the 45 mins TF it is showing a steep decline so lets see if it continues downward or resists and goes up.
Economic indicators say BEARISH due to inventories increasing in US and OPEC production cuts not helping... Add to it economic slowdown.
4 hr TF - Falling wedge. so will go upside for targets in blue.
BUT on the 45 mins TF it is showing a steep decline so lets see if it continues downward or resists and goes up.
Economic indicators say BEARISH due to inventories increasing in US and OPEC production cuts not helping... Add to it economic slowdown.