Oil: Long term monthly short setup

We have a very clear cut case for a short in oil (and a long in USDCAD here).
Entry at market is fine, risk half initially and add on pullbacks if it happens to reach a full size position.
Stop loss above April's high, and aim for 19.47 here.

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Ivan Labrie

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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.