Crude entering a potential sell zone…

Crude entering a potential sell zone…

BRENT CRUDE OIL TVC:UKOIL


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

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