RespectRiskManagement
Long

Bear Trap -- WTI headed higher after briefly touching $42.20

FX:USOIL   CFDs on Crude Oil (WTI)
73 0 2
It looks like a bear trap is developing in WTI after the recent run-up. On the Sling Shot system, maximum pain was $43.2 and it bounced of that level dramatically. $44 should remain support, and it should close >$44 today. Looking for that Head and Shoulders pattern to be a fake-out.
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