Mihai_Iacob

Oil- above 40 is a great sell

Short
FOREXCOM:USOIL   CFD Petrolio greggio (WTI)
Since mid-June, WTI OIL traded in a long rising wedge. Finally, we had the break of support followed by a 600 pips drop.
Now Oil is recovering some of the losses, but I expect this to be just a correction before a new leg down.
I will look for opportunities to sell WTI above 40 and my target is 32 with a great 1:4 R:R

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