pipstrading
Long

LONG WTI till $48.5 then short till $40 and then $35

FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
34 0 3
WTI completed bullish ABCD in Feb 2016.

It was quite a rally since then. up by more then 60%. currently there is some resistance at $44.4 level. however, it should break and reach $48.5.

After hitting $48.5 or even short term breakout till $50, it should be a very good chance to short. short TP1 will be $40, TP2 is $35.

Interesting to trade oil             . by the way, some brokers provide very good interest payment for shorting OIL!
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