Kumowizard
Short

WTI - False break of bearish trendline?

FX:USOIL   CFDs on 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.
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Kumowizard LudmilaHanania
Well, I had the first bearih signals today, so I sold at 103,90.
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