Breakout Short For April WTI Crude Futures

Don’t look now, but April WTI futures are on the cusp of $100.00 per barrel. Is there a washout beneath this key level on the horizon? At this point, it appears a test under $100 is on the way.

Here's how to play the breakout:
1) Sell April WTI futures @ $99.99
2) Profit target @ $99.88
3) Stop Loss @ $100.11

If we see a test beneath $100, then be ready for a rapid washout to the bear. If price goes +8 to +10, move the stop to breakeven. This will be a volatile area.