WTIOUSD and USOIL - Breaking Raising Wedge Down Short

OANDA:WTICOUSD240

West Texas OilOANDA

Description

⋅ Feb 7, 2019 1:13 PM

Potential Short on Crude Oil and USOIL. Target (4) or 61.8%.

Comment

⋅ Feb 7, 2019 1:37 PM

As you can see this down move will most likely retest the distribution zone it broke out from.

Trade closed: target reached

⋅ Feb 12, 2019 4:55 AM

Comments

420snoop

⋅ Feb 7, 2019 2:09 PM

long long term I have oil to near 0 (same as btc) but in shorter term I have a feeling it will run up through 2020 as the new sulfur guidelines for shipping vessels kick in

AAAAAVVVVV

⋅ Feb 7, 2019 4:57 PM

@420snoop, when prices are low, companies pay to get their heavy crude out :D so it's negative :D