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UnknownUnicorn13326052

WTI Crude Oil Short Setup on Daily Time Frame

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
UnknownUnicorn13326052  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Technical Indicators Oil Crude Oil WTI Crude Oil WTI wtioil wticrude wticrudeoil
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trendanalysis indicator oil usoil crudeoil wti wtioil wticrude wticrudeoil
We can see the price breaks below a major trend line after finding a resistance.

We can wait for a pullback and see if it will go above the trendline. If trendline became a resistance, it is safe to say we have a short opportunity to short if goes below the latest low on the daily timeframe.

The DMI also looks good and trending upward going above 25 level. If the -DI remains above the ADX, it will be a strong indicator to short.

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UnknownUnicorn13326052
WTI Crude Oil Short Setup.
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