Good morning USOIL traders! My idea today is based on the 15 minute chart. We are still in a long term consolidation, I believe. With that said, looking at Stoch RSI being at the peak and crossing, and Money Flow high, probably ready to switch over, it appears like we have an opportunity for a small short. Looking to get in at $55.00-$55.20 range and expecting to see a drop to around $54.20. Let's see what happens. Always remember to trade responsibly!
Trade closed: target reached
Very nice trade today! Sold at $55.32 and closed the short at $54.32. I wish every day was like this!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.