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breakoutfakeout

RSI daily divergence USOIl. Sell

Short
Crude Oil Futures (NYMEX:CL2!)  
breakoutfakeout Updated   
NYMEX:CL2!   Crude Oil Futures
Trend Analysis Chart Patterns Technical Indicators Crude Oil WTI WTI wticrude CL2! cl2 Oil oiltrading
3
0
trendanalysis chartpattern indicator usoil wti wticrude cl2! cl2 oil oiltrading
We now have a pretty clear RSI daily divergence in US oil (futures chart shown here). With the daily daily 200MA and resistance above and the rising wedge reversal pattern this looks like a good sell.

Take profits at break of rising wedge pattern.
Trade closed: target reached:
very quick action on this trade closed out at break of rising wedge as predicted
About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.




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