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pparmy1991

Short term selling oil

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
pparmy1991 Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Chart Patterns
4
0
chartpattern
Bearish Harmonic pattern detected and also divergences for RSI/MACD on 4hr chart.
Stop loss above yesterday's high.
TP1: 49.1-49.3
TP2: 45.5-45.7
Comment:
Comment:
If TP1 reached and we see reversal signal, then the corrective pattern is more like an expanding flat, very likely the previous top will be broken. Otherwise target two is possible.
Comment:
Still in play. Monday we should know whether to keep the short line.
snapshot
Trade closed: stop reached:
Approaching 1.272, watch it closely for bearish signal. No reason to buy here for me.
Comment:
Oil might be topping today. Wait for confirmation, will post another short idea if risk reward is good.
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