OIL SHORTS CONTINUE
We have had some great trades on OIL as spoken about before we have been short from $86.00 and we see more downside to come out of the OIL markets. The first weekly support comes in at $62.37 and could rally from here back into the key resistance of $70.44. Looking for short opportunities to the key support and then waiting for a re-test of the resistance before looking for any further shorts. If we see a weekly downtrend form here we could see lows of $30.00 and the 2016 lows.
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