WTI: USOIL It's not quite reached the target yet by about 11 pips but if it touches that perfect level it will likely only be a spike, so am closing out here and thinking about a counter rally long for 100 pips - still overall bearish though so still looking to short again, but hopefully from higher up - or on a break below first target as per comment.
Comment
WTI: USOIL 10 upload limit - no chart for now
This second short has not gone well. Apologies. Stopped out at 45.78. Recent price action is hard to read right now...is that a continuation pattern or reversal? Support and resistance now need widening as a result of last 24 hours' price action. Think it's continuation but not clear enough yet...If in doubt stay out. So am standing back and waiting for a clear break of either support at 45.20 aiming for 43.74 downside target, or potentially of resistance at 46.11 for quick counter-rally to 46.73 minimum and 47.01 maximum before WTI collapses again, opening the opportunity for another short from higher levels.
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