Crude ha been recovering but is still trading outside its long term trend channel.
So I wait and look for a clear sign of a new downward move in order to short. This can be done with CFD's if you broker has them or ETF's or options.
So I wait and look for a clear sign of a new downward move in order to short. This can be done with CFD's if you broker has them or ETF's or options.
Note
Oil has bounced in a straighter line than I expected. The trick now is to try and gauge an entry for a new short.
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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.