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pparmy1991

Pending short, trend is changing

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
pparmy1991 Updated   
TVC:USOIL   CFDs on WTI Crude Oil
4
8
Seeing divergences on both RSI and MACD. Wait for a flag & break out of trend line. It will be easier to set a stop loss after the break out.

TP1: 49.5 area
TP2: 48 area
Comment:
Still not break yet, the top might be retested.
Comment:
I think the previous top needs to be broke before heading south. See what the weekly close will be tomorrow.
Comment:
We have the new high, now it's bear's last territory.
snapshot
Comment:
Looks like weakness is generating, let's see if the trend is broke this time
snapshot
Comment:
Now could be a short setup
snapshot
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