Oil Bears are Getting Stronger

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

Oil is dropping. We should see a move down below the order block.

76.17 is the order block and we can see the price below it. The entry is 76.15. The market is below M L4 support which means that the breakout is happening. Continuous momentum and push below the order block will call new buyers to join the fray. The target is M L5 camarilla pivot point – 73.27.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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