Selling the channel and expecting breakout on OIL

FX:USOIL   Crude Oil (WTI)
804 6 27
Comment: I guess we are now witnessing clear reversal sign
Comment: Going to T1
Comment: T1 reached
i agree with the short term short now but I think long to be a better risk reward from the bottom of the channel to $60 with all the production outages now. Later in the year shorting would be the better risk reward.
+1 Reply
VasilyPonomarev CFDTradingo
Yeah, let's see what is gonna happen!
Good luck
I am hoping to see oil rig count increase this Friday, so it makes sense ))
giovannicanu Vincemushi