Short

Short OIL 69.50 looking for significant downside

Updated

As per the last Tweet on Oil a day or two ago, imo OIL is set up nicely for a potentially large bearish move. Short 69.50 with stop at 70.50 looking for minimum move to $63 and maybe a lot lower in coming weeks.
twitter.com/Flash430/status/1026408980917243904

Trade active

Oil now testing important support zone around $ 66 give or take 50c.
Decisively below here then we should get accelerated selling.

Note

The ability of WTI to bounce from the lows on Friday suggests a possibility of a b wave (of wave ii) low with a subsequent rebound to above $70 to sqeeze weak shorts again before a bigger sell off resumes. Still short but prepared for some potential pain/squeeze very short term.

Flash430

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