But I think that it may be to late to take a short position.
Here are some key levels (pivot points <=> potential supports/resistances) in 4 hour-timeframe. In Ichimoku Kinko Hyo.
If price gets over 44.34 then next potential resistance would be 44.83. If price stays under 44.34 then a first potential support would be 43.63.
TOTAL SA Price is actually at 44.30 over key level 43.94
The price is actually testing a one day keylevel of 43.94. The price and the Chikou Span (Lagging Span) are actually over the cloud in H4 + H1 + M15. This may result in a gap up at the next opening.
The action price may go up to 43,54 Price is bullish in lower timeframes May be bullish until 43,54
SHORT FP (TOTAL) intraday + uncertainties in oil market: meeting in Doha is overvalued, drop in crude inventories can ne as crossseasond + further CPI goes down in China as leader importer of crude + FP (TOTAL) closed gap + additional big volumes in some 5M bars didn't lead to grow of stock. Short enter = 40, Profir 38.90m Stop = 40,3
SHORT FP (TOTAL SA) intraday (FPP in Tradeview) + oil rebounds yesterday on APIreport + yesterday China PMI - long-term negative outlook for oil - oil reach resistance level, could be in sideways Enter short = 39.20, Stop = 39.60, Profit= 38.60
LONG^ + oil rebounds before API + China PMI + Support levels in oil + Support volumes in FP stock within 3 last days - long-term negative outlook for oil So, if oil will hold 36.5-36 level and go further up - I will catch up the FP around the open priceafter rebound in 5M bars.