The stubborn hunt for the 40's

FX:USOIL   CFDs on Crude Oil (WTI)
Still short from $54, have not sold or added to my position at all.

Blue line: $52 transition line, this line needs to be broken strong for us to head lower imo .

Red trend-lines: We've see an increase in prices, with declining RSI . This is a bear divergence.(whether or not it will play it is another story, yet I believe it will)

Orange line: This was a bull RSI trend-line witch has been broken as of late, and the RSI is beginning to look very bearish to me.

The flags are areas in which I am predicting that the RSI and price will hit. I am not adding or selling any of my position for the near future (obviously unless my SL at BE gets hit).

I will be expecting slight bounces based on some BS news from the middle east, or if we hit any support areas on the way down, however I will not be scared into selling something that easily looks bearish in my eyes.
Comment: Virtually no volume today, not much changed.

Still short without any additions to my position.
Trade closed manually: I will be closing my position at open to relocate capital to better opportunities.

Doesn't look like this thing is moving.
Trade active: Scratch that, I ain't selling. Moved SL to BE.

Roll with me, daddy needs some play money.


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