Why confining yields when research is certain, speculate WTI put

FX:USOIL   Rohöl CFD's (WTI)
450 5 2
Technically, the current price of WTI oil             has remained in the favourite bearish zone at 37.5 where it has tested crucial support in August also when it has tumbled but way below 10DMA.

This energy commodity still suggests selling indications as there exists RSI signaling downward convergence with the slumping prices (currently RSI 14 trending at 32.5603).

While slow stochastic approached below 20 levels but there is no convincing %K crossover.

So overall we don't see any sort of strength in this commodity yet that can bounce back from current levels.

We don't see any long initiating chances in short run, if there is any abrupt rallies then we would deem them as short covering rallies.

Trade recommendations: Considering the above technical reasoning, on speculating grounds, we recommend deploying one touch binary ATM -0.51 delta puts in our strategy in order to extract maximum leverage on extended profitability. But do remember these are exclusively for speculative basis.

The prime merits of such one touch option are high yields during high volatility plays. Usually, such binary options for every change in 1 fractional unit, the relative change in option price 0.01% or even exponential at high implied volatility times.
Trade geschlossen: Ziel wurde erreicht: Recent lows 35.16, Risk averse can cover shorts for better opportunity.
Are you really waiting some comments from me? The reason for falling fossils's price is obvious.
FxWirePro Anatoliy Nazarevych
How do you mean..? do you think no reason that drives crude's movement..? or from now on leftover dips shrug off demand/supply equation..? could you plz help me understand the rationale.
First of all. Thanks for your replay. I mean that fossils era is over. Technology is a driving force on.
Best regards Anatoliy.
i hv no idea what is he talking? i totally agree with yr analysis. checked few patterns and feel 35 might be the lowest level. if inventory will keep falling few weeks oil is in bullish territory.
Anatoliy Nazarevych LetsBeMillionaire
Yes, you are abso-f...-lutelly right - 35 might keep few weeks, but I would like to hope for forever.
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