JacksenKurian

My View on Crude Oil (USOIL)

FX:USOIL   Crude Oil (WTI)
98 1 1
I feel at this point of time, Crude is being lead by the Bears and could break an important resistance zone of (100.50 - 100.40 ) & (100.15 - 100.00 ). If it does break this said zone, we would most probably see 99.00 levels and then I feel that the Bulls will take it up to 106 levels after that in the long run.
So for the short term, I will go short after the break of 100.40 with Stop Loss of 100.90 and target of 99.05..
Wish me luck guys :)
I was short from 102... can't believe it's swung back... think I'll stay short but super tight SL to avoid the gamble as I think if past 102 will go quickly to 105 next resistence
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