lavishlunch

Oil range bound and possible decline

Short
lavishlunch Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Crude oil looks range bound at the current moment with a break of the wedge up or down indicating a nice sell or buy opportunity.

I remain bearish and am selling at the top of the wedge. Expecting to see below 50 by year end
Trade active:
OIl maintains in the channel after a fake breakout yesterday expecting it to touch the bottom now. Since we have a fake breakout we could possibly expect a further decline
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.