Get started
cccpKGB1

Crude Oil - Short Entry

Short
West Texas Oil (OANDA:WTICOUSD)  
cccpKGB1  
OANDA:WTICOUSD   West Texas Oil
Support and Resistance Trend Lines Wedge crude Crude Oil WTI Crude Oil Futures WTI (CL1!)
3
0
supportandresistance trendline wedgepattern crude crudeoil wti cl1!
Crude is testing the underside of the larger wedge it broke down from last week.

Short at $55.

Price has been coiling on the daily time-frame so expecting a breakout in the near future. Expecting this to be to the downside.

Fragile global economy fundamentally supports a move lower.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.