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DelaYslaProject

WTI Oil Possible Short Setup

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
DelaYslaProject Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Support and Resistance Supply and Demand Trend Lines wtioil Crude Oil WTI usoilshort wtioilshort
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supportandresistance supplyanddemand trendline wtioil usoil usoilshort wtioilshort
WTI Oil is currently on a major supported and the price has been respecting the uptrend line.
It is forecasted to breakout to the downside according to the technical analysis as the bulls are running out of steam in addition to the major resistance handle.
However, if the price breaks through the 52.50 handle, another setup will be posted.

Trade Levels:
- Entry Price @ 51.90
- Stop Loss @ 52.70
- Take Profit @ 50.20
- Risk/Reward: 2.15

Cheers!
Happy Trading!
Trade closed: stop reached:
Stop loss has been reached with 80 points down.

Cheers!
Happy Trading!
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