scwcompton

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Markets Allocation
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USOIL 100% | 2
scwcompton scwcompton USOIL, 15, Short ,
USOIL: Pending Oil Short
74 0 0
USOIL, 15 Short
Pending Oil Short

Very basic setup here. I think it is very likely though. This channel doesn't have much confirmation yet but a rejection in the marked area would be a very strong short indicator. A little relief rally will get it there but bearish expectations from the China PMI number will continue the sell-off into oil reports. Good luck to all!

scwcompton scwcompton USOIL, 60, Short ,
USOIL: USOIL - 1H Bearish Divergence
61 2 1
USOIL, 60 Short
USOIL - 1H Bearish Divergence

Closed with a 1H bearish divergence in USOIL. Expecting a drop back down to $44.00. Hoping for further shorting opportunities from there, but will play it by ear. Good luck all!

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