SweetspotTrading

WTI Crude - Ending Diagonal heading into contract expiration

Short
TVC:USOIL   CFDs on WTI Crude Oil
Took a long position at fridays pullback. Oil has a tendency to sell off big before contract expiration. This clearly looking like an ending diagonal formation. I plan to swing it something like this, looking to reenter long once correction is done. I think we can expect some big gains starting next upward impulse at the end of month. I'm still very bullish but It's very likely we could see a big pullback coming next week.
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