PowerTrades
Short

crudeoil breakdown formation

FX:USOIL   Crude Oil (WTI)
91 0 1
A shorting idea for short term/intraday on Crude oil             . It has had some lowertops and looks to be in for a slide. so a good low risk entry
Trade closed: stop reached: The short Trade got stopped out but the reversal above the trade zone worked well. in case some one took it. Just hit the 161% retracement of the range zone.
Trade closed: target reached: Got the reversal one right. was a good return, Now again its on a consolidation zone in top. The nearer it is to 50 the risk reward get skewed further. For a trade above 50 best is to look at long term time frames
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