Bearish Setup on WTI Crude

FX:USOIL   CFDs on Crude Oil (WTI)
158 2
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 ?
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.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out