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PontusTrader

Crude oil short rising wedge terminating into strong resistance

Short
West Texas Oil (OANDA:WTICOUSD)  
PontusTrader Aggiornato   
OANDA:WTICOUSD   West Texas Oil
Wedge Supply and Demand CL Oil crude WTI
9
6
wedgepattern supplyanddemand cl oil crude wti
Self explanatory. Easy short setup here, insane reward to risk.
Commento:
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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Commento:
Not looking good for crude - I'd be sweating hard if I was long.

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Commento:
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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