investment

Shorting until Oil Inventory Data.

Short
TVC:USOIL   CFDs on WTI Crude Oil
I'm looking to go short this morning, considering there may be more profit taking, and a risk off attitude before today's oil inventory data. Using the downward trend line as my stop, if we hold below, will look to target $50.

If we break above the downward resistance trend line (shown on chart), I'll reconsider for a long trade opportunity

Comments

Couldn't find a good enough reason to re-enter the market long, so will wait until after oil inventory data, and look for new opportunities then
Reply
We've broken the resistance, so will look for new long opportunities, using the same trend line as support
Reply
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