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AFINE
Mar 26, 2018 6:32 PM

OIL - H1 - SHORT Short

WTI CRUDE OILTVC

Description

On Oil, we have a possible exhaustion of the bullish movement and with this weakness, the uptrend line could be broken. The price is still below the fast-moving averages of 8 and 20 periods. Our entry is the breakout of the Uptrend line, the stop is the previous top and the target is next to 50% of the Fibonacci retracement, of the bullish wave, coinciding too with the approximation of moving average of 200 periods.

SHORT

ENTRY: 65.33

TARGET: 63.82

STOP: 66.64
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