Skipper86

RSI failure swing with bull trap

Short
NYMEX:CLK2021   CRUDE OIL FUTURES (MAY 2021)
Bearish RSI divergence followed by a failure swing out of oversold appears to have been a sign of weakness that should have been heeded. A 10-day bull trap appears to have followed and then a dump on Thursday, leaving bulls stuck in the red. There was a technical bounce off of the lower bollinger band , 40-day SMA , 20 day price channel , etc. It probably won't hold. Price target = $54 then re-evaluate.
Order cancelled: I was not able to trade this, my broker wouldn't let me short, guess I didn't meet the margin requirement. MACD is showing weakness. Seems it could still go down to $54. I'm done watching this since I can't trade it.

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Thank you mate
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Skipper86 ggpitakos26
@ggpitakos26, You got it. You make any money? I would have but my broker wouldn't let me short, guess I didn't meet the margin requirement.
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