GordanGekko
Short

Still Expecting Downside on OIL

FX:USOIL   Crude Oil (WTI)
Still expecting OIL             to continue sliding lower. If we can keep below $40.05-$37.68 resistance then it is very likely we will fall lower. Of course the $28.10-$27.54 support zone is vital as we had strong buyers stepping in and buying here. Below that support it is lower prices for oil             with the target of $25.13 - $23.61.

I have been short a long time on OIL             . Added more shorts to my portfolio on the jump up towards the end of the week. Will continue to add as we enter the red zone of $37.68 - $40.05 as I do expect further downside.

Just a waiting game now.
snapshot


Lovely drop lower from the $32.02 - $34.21 resistance zone.
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