scalpking
Short

CRUDE OIL (WTI) PENDING FOR A SELL

FX:USOIL   Crude Oil (WTI)
CRUDE OIL WTI             SHORT

There been a major consolidation between the 2 lines drawn there at 49.66 & 44             .33, It's printed a bearish engulfing 2 weeks ago but still managed to consolidate at the other S/R, so what in order to short it, the candle MUST close below the 44             .33 mark. TP would be at the next S/R which is 39.85.

IF it prints a BULLISH ENGULFING , then we may consider a buy up to 49.66... OR better yet, be patient and see how it plays out near that level.

For now, we are eyeing for a short once the break happens.
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