jm_rguez_

USOIL - Bearish flag pattern

Short
CAPITALCOM:OIL_CRUDE   Crude Oil
It looks like USOIL is about to break the ascending channel after the retracement it experienced today. Considering the dimension of the pattern, it's likely to break the first resistance as it's going to be the third retest of the zone. Wait for an entry confirmation as a brake in the channel or a retest of it, but I don't we´ll see such retest after breaking the channel.

TP1 --> 87.5
TP2 --> 86.0

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.