Shorting 1hr USOIL based on:
- low and rising, suggesting a transition to a trend(?)
- showing increasing divergence
- has made a number of lower highs (after consistently topping out over 70)
- Price has broken lower line of which may now act as resistance, and is now bouncing off the peaks from July.
Price has just dropped from upper
Shorting @46.75, 1.5% Stop loss, target 46.40 within 24 hours