BOAFX
Short

Short USOIL

FX:USOIL   Crude Oil (WTI)
Fundamentals:- Although we had a drop in the API figures yesterday the EIA             figures have not been reflected consistently in the Price. The freeze in Oil             production is looking less likely to happen with Iran still wishing to compete for their market share. With little hope of a reduction in production the Oil             price is likely to remain low for some time.
Technicals:- As you can see from the chart we are in the early stages of a head and shoulders pattern which is indicative of a reversal on this up trend. I will be looking to sell from the top of the second shoulder targeting the 26.00 support price. Learn to trade like a pro for free http://bankonadam.com

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