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Zoen_Trieste

Shorting The Rising Wedge

Short
Crude Oil Futures (Mar 2019) (NYMEX:CLH2019)  
Zoen_Trieste Updated   
NYMEX:CLH2019   Crude Oil Futures (Mar 2019)
Supply and Demand AB=CD Wedge oiltrading oilprice fading
6
0
supplyanddemand abcdpattern wedgepattern oiltrading oilprice fading
Possibly a wedge break here. A good R:R setup that is against the current trend. Lower probability though. The levels are given on the chart. Trade with care.
Comment:
If it moves beyond the 1R stop range of $870, higher odds further significant upside
Comment:
Further upside expected
Comment:
Long risk assumed, the market is at better rate for a fresh short.
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