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UnknownUnicorn13514545

WTI Oil :Likely to break the range bottom eyeing 59.50 level

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
UnknownUnicorn13514545  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Technical Indicators Beyond Technical Analysis Crude Oil WTI Crude Oil usoilidea usoilanalysis usoilsignals WTI wticrudeoilsignals wticrude usoilforecast
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trendanalysis indicator beyondta usoil crudeoil usoilidea usoilanalysis usoilsignals wti wticrudeoilsignals wticrude usoilforecast
As expected ,Stop hunts are happening either sides of the past 10 day range (61.70-66.05).Yesterday we have seen a strong stop hunts by bears around 61.90 area and price barely managed to come inside the range. Speculative sentiment index is around 80% and technically the outer rectangular range bottom around 57.40 level needs to be tested before any upside breakout.

Trend : Range
Signal : Sell Limit (64.10-64.40 ) , Or a Split Sell at CMP based on your R:R / Position size + Limits
Stop Loss : 65.35
Target : 59.50 - 57.40 Handle .
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