US's API crude oil inventory has unexpectedly increased which is the 11th &nbsp;increase in the past 13 years. However, the response of the oil is not immediate and I think more further market data along with the trading progress released by OPEC+ (e.g. Market report)as well as the US(e.g.CPI(QoQ), and EIA crude oil inventory) should be involved thus a reversal is foreseeable. However, chances are that the WTI prices will continue to rise and then oscillate between &nbsp;59 and 60 when on a daily basis and 0.236 and 0.618 level on a weekly basis.
In terms of risk aversion, my strategy is TO APPROACH market at 58.900:
T/P:58.338
S/L:59.438

Short WTI for risk aversion

Dec 01 2020

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