peterbokma

USOIL- SELL strategy

Short
NYMEX:CL1!   Light Crude Oil Futures
No change in view, and as suggested we should be adding you our SELL we had $ 102-103.

The SMA strength indicator turning lower indicating we are weakening in trend and that buy side is not strong. The MA we broke through as well as note.

I suggest stop-loss above $ 111.50 for now. Profit order $ 89.

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