After clearing up some publishing issues that I had on the Vantage FX website yesterday, I’m back to share one last commodities trading chart before we step out for the weekend.
Oil Daily:
Price has now pulled back into the above resistance (previous support) zone and printed a sort of double top on the intraday charts.
Zooming into an intraday chart, there is some definite selling momentum coming into the market. Add the fact that yesterday’s daily candle was unable to close above the previous swing high, and you have a case to look out for some bearish continuation here.
