Dear all,
USOIL finally broke the downtrend trend, thus Long on USOIL is a good idea due to:
1. Stochastic show that the uptrend momentum still strong, just break the oversold position and still have plenty of room before hit overbought line.
2. RSI is on uptrend too, soon will break 50.00 points.
3. The candlestick graph look very solid.
4. Stop loss 42.00,...
1. Price still moving downward, maintain below the cloud.
2. Stochastic show that price momentum reduce.
3.RSI currently around 40, still got room to short.
1. Price below Ichimoku cloud for the last 5 candle.
2. Stochastic show that the momentum reduce.
3. Stop loss at 50.25, target profit 47.60( Risk reward 2.0)
