WTI Crude Oil : a short idea with an attractive risk/reward
Update: Full Target Hit
Profit/loss(pips)= +600
In my view, Oil is vulnerable to a major breakdown, taper uncertainty, weaker growth in the U.S, a softer tone between Iran and U.S, and Syria calm down, all point to a shift in the ongoing bull trend.
Downside pressure on USD due to government shutdown and debt ceiling debate has delayed this scenario and given oil some support.
twitter.com/thefxchannel
thefxchannel.com
Profit/loss(pips)= +600
In my view, Oil is vulnerable to a major breakdown, taper uncertainty, weaker growth in the U.S, a softer tone between Iran and U.S, and Syria calm down, all point to a shift in the ongoing bull trend.
Downside pressure on USD due to government shutdown and debt ceiling debate has delayed this scenario and given oil some support.
twitter.com/thefxchannel
thefxchannel.com