Short oil
A close above $55 should cover the position.
Update 4/9 - noticed a major inverted Head and Shoulders pattern in conjunction with a diagonal trend line support. Tread carefully if youre short. Price needs to break below $50 to invalidate the bullish patterns. I closed my entire short position at $50.65.
Update 4/9 - noticed a major inverted Head and Shoulders pattern in conjunction with a diagonal trend line support. Tread carefully if youre short. Price needs to break below $50 to invalidate the bullish patterns. I closed my entire short position at $50.65.
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Disclaimer
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.