Learn-2-Trade

CRUDE OIL SHORT

Short
TVC:USOIL   CFDs on WTI Crude Oil
Keeping in with the last 2 month trend line , Oil again appears to be over bought, i'm taking this as a low risk trade because i prefer to increase my holding on a long position rather than short as oil is likely to go up this year. my risk to reward is 3.41 and i have set the stop loss just above some previous spikes, i'm looking to achieve 200 pips from this trade.