Pending Oil Short

FX:USOIL   CFDs on Crude Oil (WTI)
79 0 0
Very basic setup here. I think it is very likely though.

This channel doesn't have much confirmation yet but a rejection in the marked area would be a very strong short indicator. A little relief rally will get it there but bearish expectations from the China PMI number will continue the sell-off into oil             reports.

Good luck to all!
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