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Crude Oil Short

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CFD pada Minyak Mentah Brent (TVC:UKOIL)  
BayonetMarkets  
TVC:UKOIL   CFD pada Minyak Mentah Brent
Trend Analysis Chart Patterns Crude Oil Brent Oil brent brentoil WTI
3
0
trendanalysis chartpattern ukoil oil brent brentoil wti
80$ presents a very strong ceiling for Crude Oil. On the 4hr and Daily we have seen many failed attempts.
Fundamentally, oil has higher projections, but the technicals don't lie.
I am now short Crude Oil based on the obvious rejection of this 80$ zone.
However, i may come out of the trade if we fail to break through the red circle - That 4hr trendline has been reliable for the bulls.
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