CFDs on WTI Crude Oil
Short

Fibonacci Short In USOIL

149
For now, let’s check out a key level for USOIL:

Daily 62% Fibonacci Retracement, $115.74

This isn’t a bad area for a short-term sell. Here it is:

1) A sell order from $115.69
2) Initial stop loss at $116.09
3) Profit Target at 40 pips on a 1:1 risk vs reward

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.