USOil - Levels to Watch (More shorting to come)

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With our oil short completed, it's time to prepare for the next round of shorts.

This will be more a journal than anything.

Note all drawn levels have now flipped from support to resistance. That said, with how quickly oil fell in the last few days and the "OPEC floor", I expect a explosive short-term bounce and will layer in on shorts at each level in increasing increments.


Last 6 Part Oil short series:
Oil WTI Short Part 6 - Taking Profit


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