Analysis of the crude oil futures for January 26, shows the price is fixed below level S1 and renewed global downtrend. The targets for the downward movement is now the levels of S2 - 29.14 and S3 - 26.77. The targets for the new correctional movements are rising levels of 31.51 and 32.97, if the price will rebound from the level 29.14. Downward trend line makes the actual sell orders. Awesome indicator shows the current downward movement since the last closed bar is red. OsMA also turned down, indicating that the downward movement in the medium term. Bounce rates on the level of 29.14 could start an upward corrective movement.
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. Orders to buy is not relevant.