Crude oil really undecisive.. Shorts favoured!

FX:USOIL   CFDs on Crude Oil (WTI)
167 0 8
According to what I see crude oil             looks like it wants to head down. Currently it is ranging 5 weeks and there is no new high made.

Also I see that it did not bounce from my support, the megaphone pattern most of us were waiting for was not triggered. That is why I missed my first long at the bottom.

It might spike up to hunt the SL of weak bulls and then fall to get all bulls in. This looks like a real trap setup if you ask me. So I only trade the small waves on the smaller timeframes. Untill I am convinced about any direction.

My bias was already short at the resistance touch and this is becoming lower and lower. Looking at price patterns it looks like crude oil             is making a weekly inverted head and shoulder, but I could be wrong.

Summarized I´m not shorting yet, but looking for the right entry to short. This also makes my previous idea on crude oil             violated.
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