Shorting $CL_F on WTI strength fading

$CLFSHORTopen

Entry

78.5

Stop

79.2

Target

76.2

Seeing some exhaustion in WTI around current levels. Inventory builds, even with strong demand, suggest we might be topping out for now. Looking for a retest of the $76 area. The daily charts are starting to look heavy here.

4 comments · 23 points

4 Comments

u/cryptojane·3d

Watch for a demand surprise from China. Could rip higher.

u/fx_quant_lee·3d

Still think we test $80 before any serious pullback. Supply side is too tight.

u/btc_maxi_dan·4d

Agree, the bounce has been impressive but feels stretched. Crude builds are a red flag.

u/risk_first_nadia·2d

Good R:R here if we see a rejection.

Shorting $CL_F on WTI strength fading

4 Comments

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