Get started
Profitlio_Trading

USOIL's Monthly Resistance is super strong and creating selloff

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
Profitlio_Trading  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Wave Analysis Crude Oil WTI Crude Oil Crude Oil Brent brentoil traderchamp profitlio profitliotrading signals
3
0
trendanalysis chartpattern waveanalysis usoil crudeoil ukoil brentoil traderchamp profitlio profitliotrading signals
USOIL's monthly resistance is playing an important role in all time frames. Even on the higher timeframes, we can clearly see that the price got faked out by breaching the upside with a fake bull run. The following resistance is holding stronger against the bulls while we see strong selling pressure in the 110 price area. I have a decent expectation of a further decline in oil prices to create and revisit the level highlighted close to 75
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.