A nice profit to be made here, price will be rejected around this level as there is divergence on the lower TFs and there is price rejection.
Price may break resistance HOWEVER there is a strong chance of price dropping to previous weeks lows.

After the drop please see the buy opportunity i posted a little while ago, price will shoot back up after this stumble so get in there!
Comment: At 29.02 there is major resistance, it appears price is moving towards this level and then expect a drop back down to 10.00
Comment: Ok we are at reistance, price looks like it will take a small jump up before crashing.. be patient
Comment: We just witnessed a bear trap, the price is going back up before it falls again
Comment: You can see from the chart that price is being rejected - i believe the market may go sideways for a few days before dropping


this oil is so manipulated, they wont let it go down
+1 Reply
@Sakka1985, 💯💯
+2 Reply
FXKing009 Sakka1985
@Sakka1985, I agree but it will drop again before it shoots up, people are talking about the june contract but i think it may fall before then
Sakka1985 FXKing009
@FXKing009, looks like they have increased the price by 1$
Really like your graphs and explanations keep it up !
+1 Reply
FXKing009 PulseAnalysis
@PulseAnalysis, I appreciate it thank you :) im trying to get better
What do u expect now,I have sell at 26.53 (little gamble) should I stop here and look for UP or keep on my sell(bear)
FXKing009 jonkra86
@jonkra86, looks like its gonna bounce off support and go back up to its previous high, its basically gonna consolidate for a while.
jonkra86 FXKing009
@FXKing009, thx, so better take my profit and wait for a good bullish entry
+1 Reply
FXKing009 jonkra86
@jonkra86, sounds like a good plan or you could lose it all
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