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mjhillpp

Overbought, heavy resistance around the 50 buck area

CFDs on Crude Oil (WTI) (FX:USOIL)  
mjhillpp  
FX:USOIL   CFDs on Crude Oil (WTI)
Crude Oil Crude Oil WTI Crude Oil Brent optionstrader options-strategy WTI Oil CALL callspread neutral
3
0
crudeoil usoil ukoil optionstrader options-strategy wti oil call callspread neutral
Expecting slowdown of recent rally after breaking out of the downtrend channel two weeks ago.

RSI, Stochastik are overbought and Bollinger Bands indicate a slowdown in the recent move.

Also, middle to end of August is a seasonal which was confirmed now.

Options to work IMHO: sell call spreads

Related Ideas

mjhillpp
Lookign to test 200 MA and trend below
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