Potential Short Oil Trade explained

I've been looking to get short on oil for a while due to signs of a world slow down. Given the strength of the previous short from Oct 2018 it could be a very profitable trade. Timing is everything in trading so I'm not saying this is definitely the right time for a short but if it is I wouldn't like to miss it. Spend 5 minutes to see why I've entered another short oil trade.

This is not investment advice
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I'll update this idea as it develops (even if it doesn't go well for me) so follow for the updates (telegram link below)

Steve Nixon
Trainer & Mentor @logicfxtrading

Comment:

Price has pushed further up since I posted this idea - Don't enter the trade unless it drops and gives us a short trade set up. This may not be an ending diagonal

Comment: