BoonHooi

USOIL - Where is this going next ?

TVC:USOIL   WTI CRUDE OIL
Encouraged by one of my students to look at oil             . First time posting on oil            

Looking purely at the Technicals (without evaluating the fundamentals).
OIl             just bounced off the bottom of the channel at 45.75 low.

If this can't get back above the 46.50 strong support for over the past week, then I would be more bearish biased.
Bearish oil             prices would be good for my CADCHF             short :)
EYEO
3 months ago
Hi instructor, i already cease this trade right after getting home last night but did make a small nice profit over it. will only short again when hit 46.0. thanks for your advise.
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