benjihyam

Oil looks like it wants to go back to $62

Short
TVC:USOIL   CFDs on WTI Crude Oil
While I'm not big on trendlines, there is one that has clearly been defining Oil's bullish structure. Once that line breaks, I see a quick path back to $62 as the first support lower.

It might take some time to play out because Oil is oversold on low timeframes, but watch for this line to break as it'll make a great short over the coming weeks/months.

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