Profound_Ambition

USOIL H4

Short
Profound_Ambition Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Price has made a bearish engulfing breakout of the daily channel, watching now for price to pullback to retest broken structure as new resistance, for a continuation lower as oil is rolling back over into a downtrend.
Comment:
Comment:
possible false breakout as price is popping back up above the trendline into the channel. A lot of gaps made over the weekend always wait for confirmation.
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