Technician
Short

Short Rude Crude

FX:USOIL   Crude Oil (WTI)
4526 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..

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Technician
jangseohee
a year ago
snapshot
+4 Reply
Kingfisher1978
a year ago
Nice setup:-)
Reply
OsamaAbouzeid
a year ago
I have took my profit at this level at 34.5 :)
USOIL _ What is illustrated by the chart ?!
+3 Reply
kosai19 OsamaAbouzeid
a year ago
excellent chart =)
Reply
Piet.Hein
a year ago
Looks good, thanks for share!
Reply
Lanmar PRO
a year ago
I see the logic and would normally take the trade. Looks strong enough to break.
Reply
Lanmar PRO Lanmar
a year ago
Good job sir! Looks like I was wrong.
Reply
kosai19 Lanmar
a year 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
a year ago
Might be right ..
Reply
Technician TOP Lanmar
a year ago
Thank you Lanmar
Reply
pekolsol PRO
a year 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
a year ago
I think trend to 37-38 (till 3-5 feb)
Reply
thanks taken:) thanks thanks
Reply
JT85
a year ago
Hi there! Is USOIL still bearish? Thanks
Reply
Hamit PRO
a year 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
a year ago
Probably yeah.
Reply
Hamit PRO Technician
a year ago
Thanks Technician!
Reply
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