LiamsAnalysis

Short Position WTI OIL

Short
TVC:USOIL   CFDs on WTI Crude Oil
Taking a Short Position on WTI Oil due to the recent rally not being able to breach the 4H Resistance zone , The forecasted data on US Crude Oil Inventory Supplies is set to be positive, this is why Oil has risen in my opinion, however there is a risk of the news missing and more and more talk of an demand slowdown globally, therefore I believe we could see a healthy retracement. R:R is about 1:3