Reason : Upside move has exhausted in three way pattern. Reversal will take shape at this level to head southwards.
Timeframe : By end of this month.
Shorts position trades are active.
Oil has slightest chances from here to move up to $45.75. Thus, Booked profit in most of the position for short side. Will add short position at upper price. Some short positions are yet open.
Short positions will be initiated at $46-47.