SMP99
Short

USOil Target $32

FX:USOIL   CFDs on Crude Oil (WTI)
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$CL_F It is likely that the bearish cypher pattern on oil has now been completed. As such I am expecting a minimum pull back to the .382 level or around $32. This lines up well with the previous down trend line and is likely the next reasonable buying opportunity.

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I closed my long position at my target of 35.5 and completion of this pattern. I do not have a short position and am more interested being long at my 32 price target than short at the current 36.
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