USOIL HAD A VERY SIGNIFICANT DROP IN PRICE IN THIS COMMODITY STARTING IN OCTOBER OF 2018. AS YOU CAN SEE OIL PRICES HAVE BEEN TRYING TO RECOVER BUT HAS BEEN A VERY WEAK ATTEMPT BY THE BUYERS. KEEP AN EYE ON THIS PAIR TO SEE IF THE SELLER MOMENTUM COMES BACK IN, PARTICULARLY AROUND THE 50-60% REST LEVELS. KEEP AN EYE OUT!
REMEMBER TO ALWAYS USE PROPER RISK IN YOUR TRADING. THIS IS ANALYSIS DONE BY MYSELF AND SHOULD BE TRADED AT YOUR OWN DISCRETION. THE SETUPS POSTED ON HERE ARE NOT GUARANTEED TO WIN OR MAKE YOU MONEY.
PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE TRADE SETUPS! CHEERS!
REMEMBER TO ALWAYS USE PROPER RISK IN YOUR TRADING. THIS IS ANALYSIS DONE BY MYSELF AND SHOULD BE TRADED AT YOUR OWN DISCRETION. THE SETUPS POSTED ON HERE ARE NOT GUARANTEED TO WIN OR MAKE YOU MONEY.
PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE TRADE SETUPS! CHEERS!
Comment:
COMING INTO A DEEPER RETRACEMENT. BUYER HASN'T BROKEN ANY MAJOR LEVEL ND MOMENTUM IS NOT CONVINCING ENOUGH TO SHOW SO YET OF A LONGER TERM BUY. KEEP AN EYE OUT . 77 AND LOWER IS GOOD PRICING FOR SHORT. WATCH FOR MOMENTUM PICKUP AROUND 64 PRICE ZONE! CHEERS!
Comment:
TRADE HAS BEEN ACTIVE SINCE MID 2019!