Hello traders,
USOIL is on my selling list now based on these reasons on weekly chart.
1. Price break through EMAS.
2. Price makes strong bearish candlestick last week.
3. A retest of EMAS would very possibly provide opportunities for sellers.
4. Still no oil product country are or going to join the middle east conflict. High price of oil won't help US to control inflation. Last week NFP is giving sign that Fed of US could stop raising rate very soon.
Down bottom dash lines are not for these week targets but still possible.
GOOD LUCK THIS WEEK.
LESS IS MORE!
USOIL is on my selling list now based on these reasons on weekly chart.
1. Price break through EMAS.
2. Price makes strong bearish candlestick last week.
3. A retest of EMAS would very possibly provide opportunities for sellers.
4. Still no oil product country are or going to join the middle east conflict. High price of oil won't help US to control inflation. Last week NFP is giving sign that Fed of US could stop raising rate very soon.
Down bottom dash lines are not for these week targets but still possible.
GOOD LUCK THIS WEEK.
LESS IS MORE!
Trade closed: target reached:
TP1 hit.