TraderOfSwag

Crude Oil looks bearish

Short
FX:USOIL   CFDs on Crude Oil (WTI)
WTI got it's uptrend broken and a new bearish channel is starting to show. We must watch for that 58.50 level, if Crude Oil cannot pass that point, we are entering a short position looking back to 54.30 on a first target.
We also got a nice resistance that supports my theory.

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