Oil short still going well, will add more exposure this week if we get back up to the structural trendline (blue), around 112-113 I think. If we follow bear flag path, we drop to 100 by early July.
Any touch of the structural trendline is a short until they take it out with a 4 hour candle close.
Any touch of the structural trendline is a short until they take it out with a 4 hour candle close.
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Oil may simply drop from here, but it should get back to the trendline on any countertrend rally, good luck
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Under 108 and stops will start getting popped hard.
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Usoil divided by SPY
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bear flag break, stops taken out fully
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BOunce back to blue trendline, still an objective short at 109-110 area.
