WTI CRUDE OIL - WTI Crude Oil down trend continuation - 07/09/2019 (GMT)
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- Timeframe : 1H
WTI CRUDE OIL Chart
I had a plan to short the US Crude from the level around 58.7. I did not manage to succeed to fulfill this plan, however, now the price retrace up in the past several days and I am wondering if this could be a good opportunity to catch the second wave on the short side. For now, my plan is to wait for a break on the 1h range and to enter short around 57.3 with a target at the bottom of the previous 1h range - around 56.4.
If the crude oil inventory is bearish this will help a lot but of course, this is a very speculative idea.
Do you agree with this idea or you think that the downtrend is over?
If the crude oil inventory is bearish this will help a lot but of course, this is a very speculative idea.
Do you agree with this idea or you think that the downtrend is over?
This member declared having a selling position on this financial instrument or a related financial instrument.
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