"oil short on Correction and Strong Resistance at 4H" by trader Salmanmemon786 — published 2016-09-30

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CFDs on WTI Crude Oil (TVC:USOIL)

TVC:USOIL CFDs on WTI Crude Oil

Oil oilshort

oil oilshort

As we know oil run on Opec Oil Production Cut and Freeze. but now Technically oil can take little Correction till 46-46.5 for fresh move. also we can see above 48 oil formed strong bearish bar on H4

So advice sell in range of 47.5-48 with sl above 48.5 for tp 46.5

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