I have been building a new short position against WTI Crude Oil for the past two months... my last short position in WTI Crude Oil was closed in Q4 2018.
I expect forex volatility to predicate a large downwards price movement throughout H2 2019. Periodic geopolitical information flow has shrouded the materially significant increase in supply along with a concurrent reduction in demand (present-day and projected).
Soft Targets: $34 & $27
Cycle Minimum Target: $12.21
Position:
20Dec '19 $XLF 21puts @ 0.23 average
18Oct '19 $USO 9puts @ 0.11 average
20Sep '19 $KSA 27puts @ 0.24 average
16Aug '19 $DB 6/7puts @ 0.05 average
One minute candlestick chart of $CL_F
Five minute candlestick chart of $CL_F
Weekly candlestick chart of $CL_F
