USOIL short

TVC:USOIL   CFDs on WTI Crude Oil
77 1
The volume spike that occurred friday is a strong bearish signal in my opinion. I will open a short position if the price breaks through the 46.60 level. There will be a potential support level at 44.45 but I think we will see a retracement to the 0.618 fib level around 43.

Entry: 46.28
TP: 43.12
SL: 47.51

Good luck.
Trade active
Trade closed: target reached

Related Ideas

I agree friday was very bearish. I see collapse back into 20s in short order.
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