LanHunt
Short

Still short crude oil

FX_IDC:USDWTI   WTI CRUDE OIL / US DOLLAR
37 1 4
Crude has had a massive sell off today, will continue this short position initially opened upon bearish candlestick formation, limit awaiting further analysis, looking towards 47.8 support. This level will be where i next decide to trade this, either continue short and allow oil             to complete its bottoming out, or alternatively look to scalping till a decisive move is made fundamentally over the coming months
Comment: Closed this trade at 47.5 upon slowing of the bears, will wait for further confirmation prior to deciding whether to go short or long, in my opinion short is more favourable with the bearish engulfemaent & failure to break the cloud
re-entered 47.54 short and closed out at 47.17, followed 1 min charts through a falling wedge to continue with the bears
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