USOIL: Top is in?

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I'm fairly certain we're seeing an intermediate term top in oil here. I'm short, via a 3% long position in SCO. (I'm also long USDCAD, USDMXN, USDNOK)
I'm open to going long again, but I think we'll see profit taking a rapid decline next.

Risk a new high, 0.5% exposure and off you go.

Cheers,

Ivan Labrie.
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Today's action is a failure for bears. I'd reccomend standing aside for now and let the market show its hand next.
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Looks to be topping but not too safe to short. I'll still reccomend not trading oil for now.
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Top WAS in. We had shorted last Thursday but I didn't get to update on time.
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Keep a stop at entry price and close half the position.
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Top was in...
keyhiddenlevelsrgmovSCOtimeatmodeCrude Oil WTI

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