newbie2016
Short

US OIL Possible H&S Pattern Formation in Process..??????

FX:USOIL   Crude Oil (WTI)
Oil
404 2 11
oil
Clear break required of 39 and of 40 level. Otherwise risk to break below 32 and 30 will remain high.

Break of 40 will KOOL down bears and bulls will rule for more high towards 45 and towards 51.
Comment: Break of 37 will give more conviction that this setup is in process. I am short!!
Great job! I didnt see the possible HnS pattern. Looks good
+1 Reply
newbie2016 moorekapital
I am using 39.16 stop for now...

Oil At Resistance..!!! Short
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