TradingView
Protixder
Sep 29, 2020 8:13 AM

USOIL ABOUT TO BREAKDOWN - HIGH SELLS POSSIBLE Short

TVC:USOIL240
WTI CRUDE OILTVC

Description

⋅
Depending on me new study at oil , it looks we can expect a breakdown trend.
38 usd are possible trend or lower. USOIL looks to get a new sell out.



Have good time all (:


If you like the update, like and follow for more updates.

Thank you

Comment

⋅
watch the video about OPEC and SAUDI ARABIA
cnbc.com/video/2020/09/28/oil-prices-likely-to-stay-in-the-low-40-range-in-q4-emirates-nbd.html

Comment

⋅
🔗Trader Data USOIL. 39.70 first possible trend test on 38.60 from there recovery, if not than down trend to before confirmation line 37.15, and if it breakdown from there than crash trend. and as traders need check all 2 sides. from only 40.50 looking for up trend with confirmation line. # expecting are down trend


The reason that OIL can breakdown, because of saudi arabia OPEC, and possible second wave, what we all dont hope.

Comment

⋅

Comment

⋅
Trend AnalysisHarmonic PatternsChart PatternsOilGoldgoldtradingSilveroiltrading
Comments
CobraVanguard
⋅
great
my Analysis
Protixder
⋅
@T_V_TreeTrader, Thanks for your idea
Daevictus
⋅
Hat off to you Sir. You nailed it with that analysis. I hope you were short and made a well deserved chunk of dough.
ProjectSyndicate
⋅
excellent technical write-up and chart. well done.
More