Famousflakes

Thoughts on oil?

Short
TVC:USOIL   CFDs on WTI Crude Oil
This is my analysis on oil its looks like its about to make a reversal pattern right on major resistance. I am taking a short position to the trend line then after it reaches the trend line i believe its going to continue to go up. Once it reaches the trend line i will pull out my fibs before i buy for future projections.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.