TopgOptions

USOIL at October 2014 prices

Short
TVC:USOIL   CFDs on WTI Crude Oil
Who would have thought that WTI Crude Oil will reach once again the 2014 levels, with all this green energy rally in the last few years?

What`s next, to see once again Exxon Mobil Corporation (XOM) be the biggest company in the S&P 500?

I think USOIL is heading for a retracement right now at 70-71usd levels, and overall forming a Head and Shoulders bearish pattern with a 56usd price target.

I`m looking forward to read your opinions about it.


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.