Still Shorting Oil

FX:USOIL   CFDs on Crude Oil (WTI)
144 1 1
We're back below the consolidation zone from the 2nd week on January without having tested resistance in the 33 area. The bottom of that consolidation zone at 31 should keep a lid on the upside. With having bounced at the 38% fib retracement, this morning, we'll watch for some consolidation before breaking lower and testing the 50% fib retracement at 30.12. I'm targeting 29.50, the top of the prior consolidation zone for support in the immediate term.
Nearly perfect trade today! Pretty much straight down since 2am.

Still looking for support at 29.50.
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