Technician
Short

Oil: Bearish Resumption Trade!

FX:USOIL   Crude Oil (WTI)
3186 19 40
*Update: First half was closed at first target, moved stop to breakeven, second half was closed at breakeven...

NYMEX Crude Oil             is retesting a key near term area:

-Main falling trend line for bearish trend
-127.1 Fibonacci extension for the latest bearish wave
-the 50-days Simple moving average
-Horizontal resistance which rejected price previously.
-Potential pin bar at this resistance area .

We will probably see a price attempt to resume the overall bearish trend . Nothing is certain so keep stops tight :)

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Good luck, keep your stops tight..
My best regards
Technician
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vern94 PRO
2 years ago
sounds good
Reply
Nice one mate.Thanks
Reply
Technician TOP TradeYodha
2 years ago
ur welcome buddy
-1 Reply
Tom_Killick
2 years ago
Thank you Technician
Reply
metaldome
2 years ago
Looks solid, might wait to see if it retraces a bit off the resistance it's presently hitting as seen on the hourly.
Reply
Thanks friends .. This one is going well so far
Reply
Your target makes sense, should be interesting to see if it reverts to bullish at that level.
+1 Reply
ChimbOt PRO
2 years ago
nice i got into dwti before u posted this
+1 Reply
vj.kum.5
2 years ago
I live in Singapore. How should one invest in Oil Market. I have strong conviction Oil Market will climb soon in near future. Any inputs appreciated
Reply
Technician TOP vj.kum.5
2 years ago
Hello, you could contact a broker about opening an account
+2 Reply
gunne821
2 years ago
Good call. Dou you see oil going below 43.53? I believe 43-44 was a multi year old support line. Do you think that support will be broken, and if so, where is your downside target? Thanks in advance.
Reply
steel.139
2 years ago
good call !!!! it look like target2 will be touched soon.
Reply
GospodE
2 years ago
Good work Sir. !
Reply
This trade compensated many losers
-1 Reply
GumerShafigulin
2 years ago
Hello! Is it time to sell crude oil?
Reply
Technician TOP GumerShafigulin
2 years ago
This trade was earlier
-1 Reply
GumerShafigulin Technician
2 years ago
I see. Do you have any idea will the light sweet crude oil go up or down next days?
Reply
Technician TOP GumerShafigulin
2 years ago
This is my latest post on crude today
WTI Oil Short Term Forecast: Breakout...But Not Yet!
.. Sideways bias is likely unless we break the mentioned levels
-1 Reply
GumerShafigulin Technician
2 years ago
Thank you!
Reply
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