OACFX

Oil Bouncing at Resistance TL

Short
FX:USOIL   CFDs on Crude Oil (WTI)
USOIL has found resistance at inner TL which has occur as USDATA was varied today. Causing drops in USDCAD. However USDCAD now posting NEW highs therefore Expecting oil to short to the structure level.

Will hold to structure level then half position and hold for lower low. Thus will possibly half again and let remainder run as downside trend is continuing.

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