Technician
Short

Short Rude Crude

FX:USOIL   Crude Oil (WTI)
4510 17 83
Looks like a good opportunity to short crude, targeting rising trend line as a first target. A break below the trend line should confirm another test of prior lows.
Note that a stability (closing) above 34.50 may negate this trade idea..

For Trade ideas and daily updates: http://thefxchannel.com .
Best Regards
Technician
If you dont want to miss any trade and see all the trades live, fully transparent. No bullshit like some others. Join my FREE channel here https://telegram.me/technician_forex_trades
jangseohee
10 months ago
snapshot
+4 Reply
Kingfisher1978
10 months ago
Nice setup:-)
Reply
OsamaAbouzeid
10 months ago
I have took my profit at this level at 34.5 :)
USOIL _ What is illustrated by the chart ?!
+3 Reply
kosai19 PRO OsamaAbouzeid
10 months ago
excellent chart =)
Reply
Piet.Hein
10 months ago
Looks good, thanks for share!
Reply
Lanmar PRO
10 months ago
I see the logic and would normally take the trade. Looks strong enough to break.
Reply
Lanmar PRO Lanmar
10 months ago
Good job sir! Looks like I was wrong.
Reply
kosai19 PRO Lanmar
10 months ago
I think it's just pulling back and should eventually break the level. I have a short with a tight target of 2.0 RR. After that I plan on buying for a break of that level.
Reply
Lanmar PRO kosai19
10 months ago
Might be right ..
Reply
Technician TOP Lanmar
10 months ago
Thank you Lanmar
Reply
pekolsol PRO
10 months ago
Thoughts on the Monthly and weekly tech.? I can not deny the fact that a pretty evident low test on support on the monthly, alongside a weekly chart that looks massively overextended with a lot more room to the upside. No trend change evident on the lower timeframes as well makes me want to wait a couple of more days to justify a trade here.
Reply
fishsp
10 months ago
I think trend to 37-38 (till 3-5 feb)
Reply
thanks taken:) thanks thanks
Reply
JT85
10 months ago
Hi there! Is USOIL still bearish? Thanks
Reply
Hamit PRO
10 months ago
Hi Technician, It looks like the oil couldn't break above the main downward trend line.
Does it mean that we are going to see more move to the downside?
Reply
Technician TOP Hamit
10 months ago
Probably yeah.
Reply
Hamit PRO Technician
10 months ago
Thanks Technician!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out