honeybadger
Short

SHORT WTI CRUDE OIL #3: The Finale

FX:USOIL   Crude Oil (WTI)
My fellow bears and superbears, the time has come to short WTI crude oil             and capitulate all the bulls.

The last Fib extension cycle points to a drop to at least $42, and if the bearish momentum maintained, we could see 37.53 by the month's end.

As a perma bear I hate to say this but I must warn you all that if we fail to breach the triangle within this cycle, the chances of a bullish run will dramatically increase.

Set the stop loss to 2% (slightly above the last cycle for confirmation) and ride the collpase of black gold             .

Good luck.

Related Ideas

Dll PRO
2 years ago
I feel the odds favor upside.
Reply
hatimtai
2 years ago
Bullish now?
Reply
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