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DavidFXMarkets
Dec 4, 2018 5:40 PM

OIL short-term view on the supply side (short position) Short

Crude Oil (WTI)FXCM

Description

Taking into account the current circumstances (sentiment and media), my short term vision for oil is on the short side. We can go down now, or go first for stoplosses and then go down (SL hunting, collecting demand for short positions)..

Always control your risk and manage your positions accordingly!
Comments
InvestingScope
The 1D Channel Down broke upwards and 5H is on Higher Low. We may see 55.80:

DavidFXMarkets
@InvestingScope, yes, I agree. I use technical analysis to see where investors make a mistake in order to take a position against them.
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