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AlexHorn
Mar 19, 2019 12:33 PM

WTI about to take a quick breather - let's play the correction! Short

West Texas OilOANDA

Description

After rallying strong off the DEC '18 lows -which elevated WTI more than 40%!- and as prices gradually approach the 50 Fib level of the whole gargantuan sell-off move dating back to the last October high all through December of 2018 and with the RSI already in overbought territory, I assume it is now time for some rather prolonged rectracement/correction... possible entry-levels given on the chart...

Who's in?!

:D

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Comments
UnknownUnicorn3865496
Big sell off on equity market will give us a good correction on Oil.
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