TPB

WTI - twist or stick

FX:USOIL   Crude Oil (WTI)
91 0 2

In the same vein as an earlier SPX0.09% graph oscillators are waning as WTI16.72% price reaches the next possible resistance levels around $38.75, expectation is for a reversal from this level, to a new swing low or to create a higher high we're not covering now.
To extrapolate a trade we can either sell longs, open a short or both at that price level in anticipation of a decline, and should we get a failure signal (if it trades above $38.75) we should reopen longs as it should target the next possible resistance level around $43.25 where we look to either sell longs, open a short etc...and repeat.

Or maybe it will do something completely different :)

Note: this is a brokers generic feed, cash and futures prices are of course different slightly
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