USOIL: A CLEAR SHORT TRADE GOOD ENTRY FOR NOW

Traders:

I dont believe that oil can get any higher right now even though OPEC will hold a meeting with non OPEC countries in Vienna on Saturday to seek out a force on non OPEC countries to cut global excess.

Bad news is that in 14 of the non OPEC countries invited to attend Saturday's meeting, only Azerbaijan, Kazakhstan, Oman, Mexico and Russia agreed to attend.

Back to the chart, Oil made its fibo 618 retracement and form a new descending 4h channel here.

And a hidden RSI4H div appear to us, showing Oil is not going to rally this time.

Short trade in , and sl is easy to make in this chart.

Less is more!

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Kommentera:

waiting for a double head as the short entry signal.