lmccormick
Short

WTI, I just had to share this for both my benefit and others

FX:USOIL   CFDs on Crude Oil (WTI)
26 0 0
Unfortunately I don't have WTI offered with my broker, but lately I've been intrigued by the huge gold             and silver             moves of late that I checked out WTI, and what a great chart it is. There appears to be a clearly defined price pivot zone of 104.00 which has flipped from previous support to now resistance. What's more, this level has been holding considerably lately and has now formed a triple top with descending divergence displayed on MACD . It's a shame we didn't see any price action confirmation, but even entering at market level isn't a wrong decision, but for me that will come in time. From here on in, I see price making the 102.00 level, I look forward to keeping up to date with this one.
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