Technician

Oil heading for a break-down #oil #forex

Short
FX:USOIL   CFDs on Crude Oil (WTI)
99
Note: This is not a trade in my journey to 100

Oil may have topped for now in my view, the price is consolidating below the 200 days SMA losing the upside momentum. Meantime, Other correlated commoidites are breaking down such as Copper. In short i am looking for a break down.

Good luck
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My best regards
Technician
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