OptimoomFX
Short

Oil- above 40 is a great sell

FOREXCOM:WTIUSD   Us Crude Oil CFD
Since mid-June, WTI OIL traded in a long rising wedge . Finally, we had the break of support followed by a 600 pips drop .
Now Oil is recovering some of the losses, but I expect this to be just a correction before a new leg down.
I will look for opportunities to sell WTI above 40 and my target is 32 with a great 1:4 R:R

Comments

got a similar outlook, let's see what we get now.
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OptimoomFX ProjectSyndicate
@ProjectSyndicate, missed it at 42:(
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