Quote from lemeeeplay:
I see a downward channel on the hourly chart and there is excess oil supply in the market, so there is bearish pressure on oil. But the problem is that everyone (even Goldman Sachs) is now expecting oil to drop soon. Usually, by the time everyone starts creaming "crash is coming", the crash has already completed its course.
FYI I didn't trade today. I got up early this morning and saw the volume was dead in the London session and just went back to sleep and ended up oversleeping![]()
well played..
wish id joined you.
) is now expecting oil to drop soon. Usually, by the time everyone starts creaming "crash is coming", the crash has already completed its course. 