peterbokma

USOIL-SELL strategy

Short
TVC:USOIL   CFDs on WTI Crude Oil
We are likely going a little higher $ 123-125 and perhaps a little more.

The strategy is then to SELL @ 124-126 for now. We may ADD further around $ 131.50 if seen. It feels we may test highs, but from strategic point of view we are overbought, and especially monthly is becoming a bit on the severe side, and followed by weekly, we may have a chance to BUY back around $ 114.00 again for the near term.

Strategy SELL $ 124.50 and again 131.50. Take profit @ 115.25 for now.

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