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peterbokma
Mar 24, 2022 1:29 AM

USOIL-MT-SELL Short

WTI CRUDE OILTVC

Description

For now we are looking to start a NEW SELL position. the market for medium-term is overbought, and the short-term has slightly upside potential. The overall pattern is topping out somewhere and that is why we do not sell as yet as it is expected to see higher first, but I do not like the risk being long right now.

I adjust SELL level to $ 120-123 range, and will add only above $ 130 when seen. I will update once we reach those levels.

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