A Fading Short 1H OIL

USOIL bulls are having a good run so far. It seems the oil market is ready to reduce short risk as players start taking profits. Looking for a scalp lower seems reasonable.

Note

5660 is first resistance

Note

USOIL 1H Follow Up

Price found support around the previous daily candle's HLC3 value. If bulls fail to follow through by EOW, the odds of this being a climactic end of a bullish move increases.

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