After announcement of falling oil inventory at US last night, oil price spikes up to a high of $137.20. As my indicator is still showing sell signal, the rise in oil price has provided me an opportunity to short oil again.
Based on the oil chart, oil is still trading at a range of $132 - $137. So it is very ideal to place a stop loss level at $140.
I shorted 1 lot of supermini oil at 136.60:
Oil Trading: Shorted 1 lot of supermini oil at 136.60