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USOIL Potential Reversal

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
EmpowerTrader  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Harmonic Patterns Chart Patterns Oil oiltrading oilprice oilforecast Crude Oil WTI wticrude Crude Oil wtioil oilsignals
2
0
trendanalysis harmonicpatterns chartpattern oil oiltrading oilprice oilforecast usoil wticrude crudeoil wtioil oilsignals
Trade Background:
Price has been in a pullback since its massive tumble last week on May 23th. Now price is edging closer and closer to major resistance level of the channel trend.

Trade Idea:
Positioning: Short
Time frame: 30M chart
Length of Trade: 1 to 2 days

Entry: Between 59.15 to 59.35
Stop: 59.50
Exit: 58.00
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