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DayTradingOil

Potential Area to Short Oil

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
DayTradingOil Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Beyond Technical Analysis Oil oiltrading oilforecast oilfutures Crude Oil WTI Crude Oil
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trendanalysis chartpattern beyondta oil oiltrading oilforecast oilfutures usoil crudeoil
Could be getting some rejection from this Daily Triangle on USOIL. Getting Confluence with Supply/Demand Zone Analysis
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And lower timeframe Market Structure
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If price can stay below 60.93 our first realistic targets for a short day would be around 59.90 at the bottom of the Supply zone that its currently dropping through.
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Potentially in an area to get short here if price rejects 60.93
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Last chance? Need a rejection under Daily MA...
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Comment:
Buyers were fighting there for a minute eventually bears took over.
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Breakage above 60.93, trade invalidated for the time being
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Just in time too, could've taken a quick long here as this was a pivot point for the market
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Just a day early!
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