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farmtrader15

Time to short Crude Oil!

CFDs on WTI Crude Oil (TVC:USOIL)  
farmtrader15  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators
14
5
trendanalysis chartpattern indicator
Crude oil has traded right into resistance and I believe it is time to take a short position. Crude has tapped the top side of the multi-month and has reached some macro resistance levels.

MACD and RSI both are overbought with plenty of room to drop.

First target 78.65
Second 76.90
Final 75.60
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