CFDs on WTI Crude Oil

Short

USOIL RSI Divergence

By christian-lanz

Updated

USOIL may reverse from the resistance. RSI shows divergence.

Note

Waiting for the pull back to form an indecision candle.

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Well, that one has triggered fast. Sadly I missed the entry. Hadn't placed a sell order yet. Maybe it pulls back and we can short then.

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It pulled back again. I'm now watching it on the 4h chart and waiting for some bearish confirmation.

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Going down again.

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Hit target. +114 pips

Trade closed: target reached

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