1806 USOIL FIBO 618 can't beat the trend line yet
USOIL has made a test on FIBO 6180 on daily chart.
But it still seems hard for it to break through the trend line on 4h chart, which make a retest of lower low is quite possible after a new contract.
LESS IS MORE!
But it still seems hard for it to break through the trend line on 4h chart, which make a retest of lower low is quite possible after a new contract.
LESS IS MORE!
Comment:
USOIL just broke through the channel and make a reversal.
Comment:
Considering a new rolling contract is coming in few days, we prefer to start a new trade on USOIL after that new contract start.