CLUBBESIGNAL

Bearish possibilities with OILUSD

Short
EASYMARKETS:OILUSD   WTI Crude (OIL) / US Dollar
In the picture above, we can see the price was moving within an ascending channel before breaking out the structure. Currently price is in a correction phase, often times price continues the move it made before the correction and in this case its a bearish one. To be safe i plan on taking shorts below the support zone price created.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.