2ndSkiesForex
Short

Bearish Setup on WTI Crude

FX:USOIL   CFDs on Crude Oil (WTI)
157 2 1
WTI Crude has now bounced 4x off the key 100.84 level, with each bounce forming an LH (lower high). You will notice the pattern how there is a big thrust up off the level, only to produce no follow through. This is from the sellers absorbing the bids, and with the LH's, they seem to be quite happy selling rallies.

I'll look to sell on a rally towards 102.50/30-ish, targeting 100.84 and potentially a much larger break lower towards 99.30.
HIya Chris, Can I try a breakout short trade ?
Reply
2ndSkiesForex Ryan Tyler
Normally I'd say yes, but the level isn't totally clear which is needed for a breakout retest trade. A weak pullback towards 101 could be a workable option though.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out