USOIL: Short opportunity aiming for 38

If you didn't get short oil yet, you may have another opportunity today, if price retests the purple zone above. I'd reccomend shorting under yesterday's low in case this zone doesn't get retested. With stops at 47.85 and targetting 38, this could be a very good swing trade opportunity.

Check out my updated track record here: pastebin.com/6CyyqnPT

If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers!

Ivan Labrie

Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.

Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

Comment:

If we don't accelerate down today, we'll see a retracement before more downside.

Comment:

Anyone caught the retest of the purple zone?

Comment:

Bears gaining ground here. Looking for more downside. Keep stops above Friday's close.