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uriyaz

OIL : down momentum

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
uriyaz Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Beyond Technical Analysis reversal falsebreak lowrisk
4
0
trendanalysis chartpattern beyondta reversal falsebreak lowrisk
Looks like Oil made a false break and now momentum is down.
This down swing momentum could easly lead to 300 pips move first target, Therefore i will try to sell inside the day .

Best of luck :-)
Comment:
Oil prices popped up in a situation we cannot predict.
But we also didnt have entry and the price didnt behave as we expected before any sell trigger.
Obviously I'm not taking any short right now...
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