Structure: Uptrend Moving Average: Uptrend Trendline: Downtrend Line Resistance Pattern: Potential Head & Shoulder at 60.9 Trigger: Small Evening Star Resistance: 60.80 - 61 Support: 58.70 - 59
Short Term overbought on Oil Price Daily Candles show lack of momentum Wait Euro or US Open to short at 60.50 SL: 61.45 1st Target: 58.70 2nd Target: 55
Higher risk because overall trend is upward, half Position Size than normal trade