lestad
Short

PENDING SHORT IN CRUDE OIL

FX:USOIL   Crude Oil (WTI)
77 0 0
THIS FRIDAY AFTERNOON IN USA SESSION, WHEN THE CRUDE OIL             TRIED TO BREAK THE SUPPORTLINE IN 98,70 I ENTERED SHORT ON 98,60, MY MISTAKE WAS NOT TO WAIT FOR THE 4 HOUR CANDLE TO CLOSE! SO IN 1 HOUR THE PRICES MOVED UPWARDS AND I WAS STOPPED AT 99,25. ALWAYS WAIT FOR A CLOSE IF POSSIBLE OR KEEP CLOSE STOPS!!!!

AS OF FRIDAY CLOSE;
AS YOU SEE 99.40 AREA SEEMS TO BE A RESISTANCE AVOIDING THE CRUDE OIL             TO REACH 99.80 AREA…

RSI IS ALSO ON A SUPPORT TRENDLINE .

THERE MAY BE POSSIBLE DECLINE TO THE DOWNSIDE ON A CLOSE BELOW THE SUPPORT LINES I DRAW IN THE GRAPH.

A CLOSE BELOW 98.70 WILL BE THE FIRST SIGN, AND A CLOSE BELOW 98.50 SUPPORT LINE WOULD BE CONFIRMATORY.
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