Polatmania

Polatmania

I took a swing trade short position for oil. Oil has respected this trend-line for a while now. Also keep in mind that USA said they will fill their OIL inventories in Februari at a price around 67-72 range.

Polatmania

USA is going to buy more oil around 67-72 range to fill up their inventory. The want to do this around Februari. So I think this is a very nice short position

Polatmania

I expect a short term pullback to the 200 EMA (also the demand zone) before taking off and making a breakout to 27-28 dollar range.