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USOIL SHORT IDEA from 8/7/2019 to 12/7/2019

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
kp381trader  
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Technical Indicators usoilshort Crude Oil WTI usoilforecast usoilprediction usoilanalysis
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trendanalysis indicator usoilshort usoil usoilforecast usoilprediction usoilanalysis
Currently, on the 1 hour chart, USOIL is near its resistance at 57.77, which could be a potential drop down to our S1.
If you are aggressive, you can take a sell from there.
However, the price could break the R1 and will pivot to go down when it reaches 59.5.

This is my idea on USOIL, please note that the decision is yours.

P/S: I am new to Technical Analysis, please leave a comment if you'd like to.
Thank you for reading.
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