Short
US Oil - Long term short position

On the weekly RSI you can see clearly the negative RSI divergence which took place 4 times on the trott. Each time it followed a relativelly controller correction. This IMO has a huge change of occuring again and hence the short position.
I've noted some of the important long term trendlines and resistances which support my case.
I've noted some of the important long term trendlines and resistances which support my case.
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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.