Crude oil short rising wedge terminating into strong resistance

Singkat

West Texas Oil (OANDA:WTICOUSD)

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OANDA:WTICOUSD West Texas Oil

Wedge Supply and Demand CL Oil crude WTI

wedgepattern supplyanddemand cl oil crude wti

Self explanatory. Easy short setup here, insane reward to risk.

Komen:

Crude sell off lining up with index sell off... this could get hairy. No position on it since I am focused on equities.

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Komen:

Not looking good for crude - I'd be sweating hard if I was long.

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Komen:

Updated with today's price action. Quite crazy, but price is performing a pullback to the wedge support line break. I will lbe surprised if it continues going up.

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Penafian

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