Description
⋅ 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!