Time for a contrarian play on the short side. Crude seems to be finding some resistance on the upper channel and has moved quite far from the averages. potential SL at 46.50 range. targets the lower channel trendlines max upto channel mean currently at 44.30
Trade closed manually:
prices seem to have bounced back from the channel trendlnes.best to close the trade and wait for a close below the channel trend line or a long with the channel trendline close as a base (safer play would be to long above 46.5 to)
