OIL Short - Range Play

٦ ديسمبر ٢٠١٩

Oil is trading in a range, but currently looks to be in an ascending channel. has hit a possible double top and distributing around this area. Looking for a short position to the bottom of the channel or around that area. Might be consolidating for a bit longer, so looking for a breakout to the sell side for entry. If entry is hit and price moves south, might be able to play this back to the upside if the bottom of channel is respected.