OIL - H1 - SHORT

On Oil, we have a possible exhaustion of the bullish movement and with this weakness, the uptrend line could be broken. The price is still below the fast-moving averages of 8 and 20 periods. Our entry is the breakout of the Uptrend line, the stop is the previous top and the target is next to 50% of the Fibonacci retracement, of the bullish wave, coinciding too with the approximation of moving average of 200 periods.

SHORT

ENTRY: 65.33

TARGET: 63.82

STOP: 66.64