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Mihai_Iacob
Sep 9, 2020 9:26 AM

Oil- above 40 is a great sell Short

Us Crude Oil CFDFOREX.com

Description

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