CFDs on WTI Crude Oil
Short

USOIL H16: SHORT IT! 25% correction. SHORT/HOLD(NEW)

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USOIL H16: SHORT IT! 25% correction. SHORT/HOLD(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: USOIL 16hour/candle chart review
::: distribution in range now
::: sold off from massive gap fill
::: slightly overshot gap zone
::: BUT rejected in the end
::: PT BEARS is 25/26 USD
::: so 25% downside remains
::: BEARS will target retest
::: of key S/R zone at 25 USD/bbl
::: 25% correction pending
::: so get ready to short it
::: and get paid later
::: WAIT for price to MAX OUT
::: near 41 USD/bbl
::: and short high
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: short rips/rallies. TP bears is 25USD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 25USD fresh demand zone
::: 57/58USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BEARS

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