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Trade4God

This is the start of a very "short" day

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
Trade4God Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Chart Patterns Technical Indicators Crude Oil WTI usoilshort usoilsell Oil oiltrading WTI wticrude Crude Oil wtishort
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trendanalysis chartpattern indicator usoil usoilshort usoilsell oil oiltrading wti wticrude crudeoil wtishort
The roll over has begun. The stochs are bottomed out for the most part and money flow is low. The big drop in the current candle, I believe is just the beginning. Oil has been up all week and has pierced the upper limit on the channel, but hasn't busted out. I believe we are going to see a drop all the way back into the $53s. If it goes past that, I expect it will bottom out around $51. Trade carefully and always use SL. Have a great weekend.
Comment:
Correction: The stochs haven't bottomed out yet, still a little more room to go. Money flow has hit bottom. Will it bounce or remain low? Only time will tell.
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