CFDs on Brent Crude Oil

Short

looking to short Oil.

Updated

Even though we still holding the long (see linked idea) we have come up into a cluster of resistance which has provided a shorting opportunity. Oil is very over bought on the 4H and daily charts and has moved into a rather large resistance area.

Im shorting at weekly R1 at 56.56 with stops above 58. targets at 54.66.

Note

Missed Target 1 by a few ticks. moving stops to break even now. Nice trade so far.

Note

Hit both targets on Oil. NICE!!!

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