CFDs on WTI Crude Oil

Short

Double top confirmed

Updated

Double top (T1 T2) has been confirmed today on oil. Neckline has been strongly broken. The possible drop is about 17% . Objective 1: 60$ Objective 2: 55$ . Probability of success: 75%

Note

Objective of 60$ is already reached without pullback, stop loss is deplaced @62.5

Trade closed: target reached

Second objective of 55$ reached - trade completed; look now for a possible rebound

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