Hello traders,
USOIL has been squeezed inside the orange channel for last few days this week.
Considering the broken channel with bearish candle breaking down to beneath middle band of BB and bearish signal on dialy chart for yesterday, maybe it is time for USOIL to pull back down to test daily support .
But it needs to break through thoses supports on 1h chart first.
Good luck on finding ur entry signal.
LESS IS MORE!
USOIL has been squeezed inside the orange channel for last few days this week.
Considering the broken channel with bearish candle breaking down to beneath middle band of BB and bearish signal on dialy chart for yesterday, maybe it is time for USOIL to pull back down to test daily support .
But it needs to break through thoses supports on 1h chart first.
Good luck on finding ur entry signal.
LESS IS MORE!