Petrol: break above 53.55 and drop below 53.01 – divergence probably decrease

Oil can not remain above levels breakthrough 53.55 then fell beneath the piercing bar 53.01 – handing us signal a possible new downtrend.
At the same time there is a divergence, and that also enhances the signal to short.
Levels are good to sell, with a close stop just above the tip of the piercing bar around 54.30 and target levels around 49 dollars.

 Varchev Traders

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