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Shorting $USOIL
CFDs on Crude Oil (WTI)
Short
Shorting $USOIL
By mattlowden
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Jun 9, 2014
6
5
5
Jun 9, 2014
After an extraordinary rally for
USOIL
today the pair is approaching the top of an ascending wedge within which it has been trading for several weeks.
I'm planning on entering short at the top of this wedge and taking profit at the monthly pivot with a tight stop just above the monthly R1.
I feel this offers a great risk/reward but I would to hear anyone else's opinions this
USOIL
trade.
mattlowden
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