Kumowizard
Short

WTI - False break of bearish trendline?

FX:USOIL   Crude Oil (WTI)
31 2 0
Looks it may have been only a false break 2-3 days ago, with no confirmation above the trendline .

Daily Slow Stoch is turning down + 4 Hrs Ichimoku and DMI             gave early medium sell signals.

A correction is possible to 101,65 - 102 levels in next few days, but keep in mind, that given the Ichimoku setup of the Daily chart , the big picture is still bullish for WTI until it trades above 101.

Now a counter trend short provides good risk-reward with high probability. I prefer to buy front maturity 102 Puts.
I went short last night at 104.18 and covered this morning at 103.51. Looking to sell the bounce to 103.75 to 103.90.
Reply
Kumowizard PRO LudmilaHanania
Well, I had the first bearih signals today, so I sold at 103,90.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder 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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out