Oil: Bearish Resumption Trade!

FX:USOIL   CFDs on Crude Oil (WTI)
3195 19 41
*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..
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Hello! Is it time to sell crude oil?
Technician GumerShafigulin
This trade was earlier
-1 Reply
I see. Do you have any idea will the light sweet crude oil go up or down next days?
Technician GumerShafigulin
This is my latest post on crude today .. Sideways bias is likely unless we break the mentioned levels
-1 Reply
Thank you!
This trade compensated many losers
-1 Reply
Good work Sir. !
good call !!!! it look like target2 will be touched soon.
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.
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
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