Trader_97
Short

CRUDE OIL MAY SINK SHARPLY ON BREACH OF T.L SUPPORT FROM DEC

FX:USOIL   CFDs on Crude Oil (WTI)
155 2 0
Looking very bearish right now and with chances of breach of support T.L from December Oil             could sink sharply as this support has held the structure together thus far.In short term Look for targets @ 32 - 28 after breakout confirms...In case of failure of breakout wait for T.L resistance from June 2015 to come into play and enter shorts from there.
Look like a falling wedge http://thepatternsite.com/fallwedge.html
+1 Reply
Trader_97 andberg
I know its a falling wedge , I just have the habit of using the word structure a lot oh & the article you provided the link of is very informative :) .... Thank you ^_^
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