Crude entering a potential sell zone...

TVC:UKOIL   CFDs on Brent Crude Oil
Arrows on the chart highlight former turning points in the market.

After falling into a zone of previous congestion, price looks like it may break out higher.
However, with conditions entering overbought territory on the RSI and a weak reversal pattern on the ADX-DMI, I am looking to sell if the shorting conditions are met.

The current move up looks strong, so conservative actions will be required on this trade


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out