Oil short still going well, will add more exposure this week if we get back up to the structural trendline (blue), around 112-113 I think. If we follow bear flag path, we drop to 100 by early July.
Any touch of the structural trendline is a short until they take it out with a 4 hour candle close.
Any touch of the structural trendline is a short until they take it out with a 4 hour candle close.
Comment:
Oil may simply drop from here, but it should get back to the trendline on any countertrend rally, good luck
Comment:
Under 108 and stops will start getting popped hard.
Comment:
Usoil divided by SPY
Comment:
bear flag break, stops taken out fully
Comment:
BOunce back to blue trendline, still an objective short at 109-110 area.
