USOIL Possible Bear Continuation Targets

6. Dez. 2018

USOIL is being well supplied after pulling back to the grand 45 degree line coming down from the top. If 5000-5050 area fails, the bear case becomes more relevant. Assuming pre mortem conditions, the inventory report turning this around and supply being dried up by incoming new demand, it is reasonable to look for entry opportunities on the lower timeframes. It's better to get out after being proven wrong shortly after entry than hold the bag for who knows how long.

6. Dez. 2018

Anmerkung

USOIL 1H Here is lower timeframe perspective at the same picture

6. Dez. 2018

Trade ist aktiv

Sold here, 70 ticks stop

7. Dez. 2018

Trade geschlossen: Stop wurde erreicht

1R loss on this short setup