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West Texas Oil
Short

OIL preparing to make a correction?

Di botje11
I am going to short oil here, it made quite the dump the past hours, indicating there is more to come. I am getting in with half now and will wait with the other half for the blue circle. I am also going to use 2 stops here. Yellow circles are my targets and the obvious target at the low.


Previous analysis:

Oil failed H&S and ready for a correction?
Bearish FlagBeyond Technical AnalysisbrentChart PatternscrudeOilTrend AnalysisWTI
botje11
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