BigCharts

$40 Oil

Penjualan
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TVC:USOIL   CFD pada Minyak Mentah WTI
In accordance to my previous idea, my sentiment on oil today and for the following days is bearish. On the weekly chart, oil looks to have a lot of room for downside with the MACD flat, just barely crossing over and the STOCHS signaling a reversal. I think if this pattern completes we should see $40 oil within the next 2 weeks. This of course should be helped by bad data, which some analysts expect. For today (02/11/2016) I might exit my short if data comes out very bullish and later re-enter. Keep in mind the elections as well, which could boost oil if Clinton wins.
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Took a nice profit from my short and closed it today. Entered long (not medium term) see my new analysis for more information.
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