Analysis of the crude oil futures for January 22, shows the price correction movement continues, the price at the beginning of a new week is between S1 and R1. The targets for the downward movement is now the levels of S2 - 29,14 and S3 - 26,77, if the price be fixed below 31.51. The targets upward correction to the levels of 35.34 and 37.71, if the price be fixed above 32.97. Downward trend line makes the actual sell orders. Awesome indicator shows the current upward movement since the last closed bar green. OsMA also pointing up, indicating that the upward movement in the medium term.
Trading Recommendations Crude Oil Futures:
Now you can consider sell orders with the targets 29.14 and 26.77. Stop loss is set above the nearest resistance level. When entering into a transaction to breakeven profitability. If the price be fixed below 31.51, it will witness the completion of upward correction. Orders to buy is not relevant.