USOIL: Top is in?

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I'm fairly certain we're seeing an intermediate term top in oil here. I'm short, via a 3% long position in SCO. (I'm also long USDCAD, USDMXN, USDNOK)
I'm open to going long again, but I think we'll see profit taking a rapid decline next.

Risk a new high, 0.5% exposure and off you go.

Cheers,

Ivan Labrie.
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syot kilat

Today's action is a failure for bears. I'd reccomend standing aside for now and let the market show its hand next.
Nota
Looks to be topping but not too safe to short. I'll still reccomend not trading oil for now.
Nota
Top WAS in. We had shorted last Thursday but I didn't get to update on time.
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Nota
Keep a stop at entry price and close half the position.
Nota
syot kilat
Nota
Top was in...
keyhiddenlevelsrgmovSCOtimeatmodeCrude Oil WTI

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