WTI Oil Possible Short Setup

TVC:USOIL   CFDs on WTI Crude Oil
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

Happy Trading!
Jan 17
Trade closed: stop reached: Stop loss has been reached with 80 points down.

Happy Trading!
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