TraderOfSwag

Up and Down for Crude Oil

Short
FX:USOIL   CFDs on Crude Oil (WTI)
We were calling an up and down move since last week for WTI ( Crude Oil ) so we entered a LONG position targeting at 62.30 for a first.
We expect oil to move around 64 and then go back to 55-56 levels. As you can see in the chart, a downtrend channel is probable.

Let's wait for confirmation before doing anything.
Comment: It was up and down as expected. See my most recent trade for a follow up.

Comments