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.
Comments
LudmilaHanania
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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.
Kumowizard
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Well, I had the first bearih signals today, so I sold at 103,90.