UOOIL - Is the rally over extended now
USOIL Looking for a push lower confirmed with a break and hold below 26.30
Rationale: Lower price structure, ETH consolidation in a tight range inside previous day. Squeeze on the cards
Targets 25.50 / 24.90
Break below 24.90 there is a swing potential to test right upto 23s, else we look to rotate back from there
Stops: above 27.85
Rationale: Lower price structure, ETH consolidation in a tight range inside previous day. Squeeze on the cards
Targets 25.50 / 24.90
Break below 24.90 there is a swing potential to test right upto 23s, else we look to rotate back from there
Stops: above 27.85
Trade closed: target reached:
Targets done, back to pullback mode, looks like another lower structure on the cards