2811 USOIL:35 is the technical support on monthly chart
USOIL might get more troubles
Check it out on monthly.
It has a broken monthly trendline- super bear signal!
It has a purple support zone which is a weak one , according to what its showing us. Because on the daily chart, the blue channel still on its way down. Only if usoil break it first, the purple support could mean something.
The thin blue line on month chart is a possibility that if usoil couldn't stop dropping or restart dropping after a monthly correction wave. This would happen if OPEC can not come with some kind of agreement on production or TRUMP keeps pressuring price of oil down.
Less is more!
Check it out on monthly.
It has a broken monthly trendline- super bear signal!
It has a purple support zone which is a weak one , according to what its showing us. Because on the daily chart, the blue channel still on its way down. Only if usoil break it first, the purple support could mean something.
The thin blue line on month chart is a possibility that if usoil couldn't stop dropping or restart dropping after a monthly correction wave. This would happen if OPEC can not come with some kind of agreement on production or TRUMP keeps pressuring price of oil down.
Less is more!
