OIL: Why I bailed out

Updated
I was long on UKOIL on a lower time frame, as there were early indications that it could be heading north. My trend following assessments then changed, as the picture unfolded. I decided to bail out just in time for no loss.

I don't care if it now jumps north. At this point in time - based on what I see - I now think the probability for the daily time frame is greater for the south.

If I see something different - like new compelling evidence - over the next few days I could change my mind again.
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Bearish PatternsBeyond Technical AnalysisLONGneutralOilshorttrendTrend AnalysisCrude Oil BrentCrude Oil WTI

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