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captain_smollett
Feb 21, 2016 12:07 PM

USOIL. Another Head and Shoulders forming Short

Crude Oil (WTI)FXCM

Description

USOIL chart may form another HS figure, not as big as previous one but still good to call our attention.

I won´t go long this time, just wait until it consolidates.

Sell order on 30.75

SL: 31.70
TP1: 30
TP2: 29
TP3: 28

Comment

Looks like we have switched to April futures already...

New target to enter is 33 USD
SL: 35

Trade active

Sell order activated on 33 USD

Trade active

Approaching TP1 at 30
Comments
captain_smollett


Here is the updated view of the USOIL. Still 34 is an important resistance to raising further but if overpassed, can open a road to 36.8 where an important trend line passes
larry
Ouch.
captain_smollett
Yes, looks nasty atm :)
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