peterbokma

USOIL-SELL strategy

Short
TVC:USOIL   CFDs on WTI Crude Oil
We are now in the SELL area as mentioned few days ago. The level to start a SELL is 118.50-119.25 or adjust accordingly. The top of the regression channel is now slightly above 120.00 (note it can always move little higher above it). The stochastic RSI is high up, and this suggest we should see it recover lower over time.

For now as suggested SELL @ 118.50-119.25 and take profit @ 107.50 for now.

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