Crude Oil (WTI) Is On A Slippery Slope – 5/11/2017

Crude Oil (WTI) Is On A Slippery Slope – 5/11/2017

Crude Oil is sitting right where the resistance is i.e. 48.  Now the path from 48 to 50 may not be in a straight line.  Based on the price action, we are considering a quick short in this resistance zone if we get a good spike without any reason.  Our short interest points have been highlighted with red lines on the chart. Oil has casted a broad range between 40 and 60, so play as it fits.

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Crude_Oil_Daily_Chart_May_11_2017

Crude_Oil_Daily_Chart_May_11_2017