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thescalpmaster
Dec 6, 2016 5:53 AM

Shorting oil? 

Crude Oil (WTI)FXCM

Description

That candle I marked was special. The price went up before the morning and it dropped as the day closes. This is generally a sign of institutions selling to bring the price down on low volatility. (Think about it..why would they want to bring the price down on low volatility?)

So, I'll keep a close eye today and tomorrow because there is a very high probability that either i) the next leg of uptrend is formed or ii)we might be going down for a week or so.

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