should I sell now or wait for a retest and then sell ?
Peter_238
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Thanks sir :)
Genghis
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Great call Excavo
josephtse
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I think there's a chance we could break out and hit 52/53 here. Use tight stops. If the US Dollar keeps falling, oil could retrace 100% up to 53. I would be patient initiating shorts here and read more about what's going with OPEC, and international supply and demand. At 53, oil is at a much more favorable shorting point, as the agencies and analysts don't predict it staying above that for very long. It is much safer to short oil in 2018, after OPEC deal ends, according to JPM.