StudyingtStocks

Short in Crude below $21.90 for $20.25 to $19.70

Short
TVC:USOIL   CFDs on WTI Crude Oil
If price trades below $21.90, selling is advisable. Heavy sellers dominated from $26 to $20.77.
Then buyers were able to retrace only till $23.60 - the recent high.
Price is taking a dynamic resistance of 20 EMA - which is kind of strong trend indication.
First Opposing Force for this fall can be expected around $20.25 to $19.70; further price can test $18.60 as well.
Kindly do your analysis before taking any trades.
Trade closed: stop reached: SL hit.

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