Oil may be in a reversal now or going through corrections as the markets get use to the the Russian Invasion in Ukraine. I don't believe that US and NATO will be successful at imposing oil embargo sanctions on Russia. Therefore I am bearish and will be shorting oil etfs.. Give me a thumbs up if you enjoyed this TA, PS. Disclaimer I’m not a certified financial...
looking at AUDCAD, forgot to tell you that entered this short. Price was not to far from entry so you can still call it live and active (no hindsight)
An overview of a short trade I engaged in using OILD back in April and May, capturing a portion of OILD's 110% increase alongside USOIL's 25% decrease. In addition I talk about the long-term perspective of US Crude Oil.