OIL short the way back down..

For more daily Detailed analysis, please feel free to click the follow button. If you do have any questions, please do ask them!

Here we have our US OIL charts.

It is key to note the HUGE rally we have experienced and the way in which your risk management must be tight when sentiment is strong.

Assets like oil can be driven heavily by sentiment. This allows you to ENTER before the price falls.

We are not looking overnight. These falls can take time and there is simply no exact point.

Trading with stop losses in tight places when the sentiment is strong may have you closed out. For this reason your Risk management must be correct for when price does ultimately fall.

You can also exit in stages on these falls. It does not have to be just ONE trade.

Exit is at the eclipse symbol.

Comment:

Exit for first gains. Re short higher.