Idea for Light Crude Oil:
- Oil making a distribution and a high % topping pattern.
- The Reflation Overshoot Trade is over. Stagflation and Deflation trades should be considered.
- Oil is in a 13 year downtrend:
TRIGGER:
- Uptrend broken and confirmed to be a UTAD, then short the re-test (SOW)
GLHF
- DPT
- Oil making a distribution and a high % topping pattern.
- The Reflation Overshoot Trade is over. Stagflation and Deflation trades should be considered.
- Oil is in a 13 year downtrend:
TRIGGER:
- Uptrend broken and confirmed to be a UTAD, then short the re-test (SOW)
GLHF
- DPT
Trade active:
Watch for this short:
Trade active:
Seems to be nearing the end:
