Aggressive Sell Set Up for Oil!

Mar 22, 2016

Please read all the commentary on the chart.

Also please refer to my previous posts and "big picture" view of daily charts to understand the context of this aggressive sell possibility.

Short term - Bearish (1-2 weeks)
Medium term - Bullish (6 months+)

Alternative aggressive buy -
Buy Oil with a stop below 41.11 and a target of at least 41.85.

[I will be only focusing to short it because of the longer time frame view I have shown in previous charts]

Mar 22, 2016

Note

The lack of upward momentum leads me to suspect that this analysis may be invalidated despite the level of 41.11 currently holding.

If I was holding an aggressive buy position as outlined in the chart description, I would most likely be looking to bring stops up to break even (if in any profit)