-
Published on Nov 7, 2016
The
WTI Crude Oil market initially fell during the course of the session on
Monday, but turned around to form a hammer. With this being the case,
it’s very likely that the market has rallied enough to perhaps give us a
short-term rally that we can sell. After all, we have broken down below
the significant uptrend line that had been keeping the market up, and
with that I believe that it’s only a matter time before an exhaustive
candle that we can short appears. Some type of exhaustive candle or a
break down below the $43 level is exactly what I’m looking for in order
to start selling again. I have no interest whatsoever in buying this
market as it is so strong.
No comments:
Post a Comment