US OIL Sell Setup

FX:USOIL   CFDs on Crude Oil (WTI)
565 5 24
Details on chart
Comment: After some hectic volatility.. finally we are broken downside.. I still expect some move little bounces above $44 and then next target is 43.3 then 40 and 38.
Comment: I think oil is NO MAN area.. it seems to me!!! Downstairs we have buyers acting very hard but upstairs we have strong sellers.. lets see but monthly chart chart has already taken out last month low...

Comment: So we are marching towards our 1st target of 43.3.. thumps up if someone still holding this trade!!!
Comment: Oil hit 1st target of $43.3, close half position and remaining at BE. @ 45.5
Comment: Completely out of oil @ 42.5

Will look to sell again on pullbacks.
spot on and good trading, have a good weekend
newbie2016 dewpoint
Thanks.. and have a good weekend you too!!!

are you a newbie to trading and/or oil?

newbie2016 tbuckle
no.. no newbie.. i just like that nick name I am into trading more than 3 years now..
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