USOIL: Short opportunity aiming for 38
Updated
If you didn't get short oil yet, you may have another opportunity today, if price retests the purple zone above. I'd reccomend shorting under yesterday's low in case this zone doesn't get retested. With stops at 47.85 and targetting 38, this could be a very good swing trade opportunity.
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Cheers!
Ivan Labrie
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We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Note
If we don't accelerate down today, we'll see a retracement before more downside.Note
Anyone caught the retest of the purple zone?Note
Bears gaining ground here. Looking for more downside. Keep stops above Friday's close.
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