MMFXSignals

USOIL SHORT TRADE

Short
TVC:USOIL   CFDs on WTI Crude Oil
USOIL is in distribution phase by forming Head & shoulders pattern on short term
MACD shows bearish momentum
RSI is in downtrend
It's expected for coming correction to target demand zone at level 19.55
which corresponds to Right shoulder of inverted Head & shoulders pattern on medium term
then it's expected after for strong wave to target supply zone at level 54.00

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.