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May 4, 2023 1:24 AM

USOil - Levels to Watch (More shorting to come) 

WTI CRUDE OILTVC

Description

With our oil short completed, it's time to prepare for the next round of shorts.

This will be more a journal than anything.

Note all drawn levels have now flipped from support to resistance. That said, with how quickly oil fell in the last few days and the "OPEC floor", I expect a explosive short-term bounce and will layer in on shorts at each level in increasing increments.


Last 6 Part Oil short series:


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