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TradingWerks_nanokeith

Oil break down into triangle on huge bearish momentum

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
TradingWerks_nanokeith  
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Chart Patterns Oil Crude Oil WTI WTI
7
0
trendanalysis chartpattern oil usoil wti
With the recent news development that the Saudis signaling that oil output will be return to normal, I'm expecting prices to break down back into the triangle with the huge bearish momentum from yesterday. Short oil now or wait for a minor retracement and aim for the bottom of the triangle structure.

Entry: 60.33
SL: 61.90
TP: 55.44
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