vanp91

Short bias

Short
TVC:USOIL   CFDs on WTI Crude Oil
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3
Last week we saw price stall around the weekly level of $65 . My bias on this pair is currently short as the market in the past 8 hours has formed a bearish engulfing pattern. Alongside this information the daily timeframe has formed a shooting star so I think we could see price push further to the downside to $62.80. This bias would be invalidated if price shows a clear break of the $65 region. The two hour timeframe has also printed out a three pin formation ( evening star ) with my moving averages crossing over. Lets see what happens next week.

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