2308 P8/8 USOIL could rise to break the small channel
USOIL is now sending some bearish signal on daily chart ( check the left chart)
That give it a chance to retest the blue channel again.
On the right weekly chart, we could see two warning signal for buyers. Price of oil could really hard to make a recent new low. And the end of this week could be the end of corrective wave . A new impulse wave could make oil to make a new high in 2020.
This is from our CHANNEL ABC STRATEGY.
LESS IS MORE!
That give it a chance to retest the blue channel again.
On the right weekly chart, we could see two warning signal for buyers. Price of oil could really hard to make a recent new low. And the end of this week could be the end of corrective wave . A new impulse wave could make oil to make a new high in 2020.
This is from our CHANNEL ABC STRATEGY.
LESS IS MORE!
