peterbokma

USOIL-SELL strategy

Short
TVC:USOIL   CFDs on WTI Crude Oil
We are in a triangle formation and the base is $ 95. The resistance is $ 106.50 rounded.

Based on stochastic and MACD we are negative and I feel we have a great chance to see lower levels and to test $ 95.

For now SELL current 103.00-104.00 but place stop-loss at 107.50 for now to be on safe side.

Profit order @ 95 and on break re-sell and place stop-loss 98.75.

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