Oil break down into triangle on huge bearish momentum

17 Eyl 2019

With the recent news development that the Saudis signaling that oil output will be return to normal, I'm expecting prices to break down back into the triangle with the huge bearish momentum from yesterday. Short oil now or wait for a minor retracement and aim for the bottom of the triangle structure.

Entry: 60.33
SL: 61.90
TP: 55.44