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Zoen_Trieste

USOIL Shorting The Re-Test

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
Zoen_Trieste Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Supply and Demand Fibonacci Gann Crude Oil WTI oilshort measuredmove oiltrading oilprice oilforecast Oil oilsell
13
2
supplyanddemand fibonacci gann usoil oilshort measuredmove oiltrading oilprice oilforecast oil oilsell
USOIL bears delivered a bearish gap, the first one in a while. Impatient shorts will cover at current measured move target level, which will apply pressure making bulls excited towards 5650 gap re-test. The retest area is a reasonable short with good odds as the context to the left favours bears currently.
Comment:
Bulls swapped the gap, re-tested it and proceeded for higher targets.
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