AndreasMunz

Overbought, heavy resistance around the 50 buck area

FX:USOIL   CFDs on Crude Oil (WTI)
Expecting slowdown of recent rally after breaking out of the downtrend channel two weeks ago.

RSI , Stochastik are overbought and Bollinger Bands indicate a slowdown in the recent move.

Also, middle to end of August is a seasonal which was confirmed now.

Options to work IMHO: sell call spreads
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