A bear trap is a false signal that the rising trend of a stock or index has reversed when it has not.
The result is that shorters are trapped, and are forced to cover their positions at higher prices.
Selling Oil Futures ITM Call Options for a high probability bearish trade.
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View on Oil: Bearish for next few weeks due to supply concerns from Iran
and increasing rig counts.
The short term resistance is around $56.53 as drawn ou...
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