West Texas OilShort
WTI, CRUDE OIL
This one was a tricky play, but some points got a bit more clear. I prefer a short positioning here because:
1. Daily evening star at the resistance TL with a follow through, as the next lower high indicate that I have the third point for -----
2. Harmonic Garley pattern to fill
One more thing that keeps me alerted is a flat top wedge, or ascending triangle which is bullish technical pattern. Having in mind the Time Frame I use, I can do both, longs and as a day trading, but, I admit that this is also kind of bias setup. Saudis got drone hits, global catastrophe, but also claimed that supply of crude oil is not a problem, they have it on hand, so no deficit is coming. The price manipulation at the moment, imho, is very unlikely.
1. Daily evening star at the resistance TL with a follow through, as the next lower high indicate that I have the third point for -----
2. Harmonic Garley pattern to fill
One more thing that keeps me alerted is a flat top wedge, or ascending triangle which is bullish technical pattern. Having in mind the Time Frame I use, I can do both, longs and as a day trading, but, I admit that this is also kind of bias setup. Saudis got drone hits, global catastrophe, but also claimed that supply of crude oil is not a problem, they have it on hand, so no deficit is coming. The price manipulation at the moment, imho, is very unlikely.
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