EXCELLENT Risk to Reward Short for USOil

Similar to long TLT... There is an excellent opportunity with shorting USOil right now with a great risk to reward... Stop would be at the top red line around $63 with a target of sub $50... Oil took a bit of a dip today while equities continued to grind higher, suggesting weakness beneath market... RSI also became oversold on hourly indicating lower low is still to come... USDCAD (typically moves opposite of USOil direction) bounced strongly off the 78.6% Fibonacci and should continue higher... Price of oil is highly dependent on supply and demand, IEA released a report that stated Oil supply will be much higher than demand throughout the first couple of months next year... I am expecting investors to discount this very soon...

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