stama13
Short

Short USOIL

FX:USOIL   Crude Oil (WTI)
USOIL             has been in a downtrend and after a pullback to $51 it is attempting to break the uptrendline shown in the chart.

Target is previous low and support at 44.20
JUNGL15T
2 years ago
Do you think it'll get there before contracts expire on 17?
Reply
stama13 PRO
2 years ago
yes it is very likely to get there very shortly.

The above chart is an hourly chart, i would like to see a close below the trendline to feel more confident that the break is valid.
Reply
JUNGL15T stama13
2 years ago
Looks like it's closed out below it, so you do not think there will be a final rally tomorrow before contracts expire? I think it might have one more run left in it, before continuing down on Monday.
Reply
stama13 PRO JUNGL15T
2 years ago
i believe there is a very low probability for any significant rally tomorrow. I have just posted a picture of how i am trading it.
i hope it helps
+1 Reply
JUNGL15T stama13
2 years ago
Nice analysis. I took a chance and entered at 46.52 :)
Reply
stama13 PRO JUNGL15T
2 years ago
Hopefully it will work out as planned
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out