I don't know the future (much) but this oil put looks like a slam dunk to me. I expect it to hit the bottom of the channel and the Fibonacci target at the same time, which would be the yellow line.
What do you think?
Why I think this is such a good trade
1) Long term downtrend
2) At resistance
3) support is a ways off
4) short term downtrend (lower highs)
5) overbought on RSI
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