Short in to 200 MA 50% Fib res has worked but... Chart notes.

If 200 MA on monthly chart is breached, April 9 PT in play on weekly is 75 region. USOIL WTI $CL_F #OIL #OOTT USO $UWT DDWT

As posted on the monthly chart recently...

Oil resistance test, 200 MA, 50% Fibonacci, Mid Quad, P \T in Play.

Short trade (short time frame) setting up on EPIC Oil Algorithm model - USOIL WTI.

Takeaways:

Short term short set-up only - if 200 MA on Monthly is breached to upside and held this will likely cause significant upward bullish trajectory.

Watch the 200 MA test on monthly chart.

Shorting in to the 200 MA on monthly and 50% Fib resistance I've been posting for months has been a solid short side trade. As noted previous... short time frames only. But in to that wall has been a rock solid trade. But if it is breached watch-out.

If 200 MA on monthly chart is breached, April 9 PT in play on weekly is 75's region.

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