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AMITDANGI
Jun 30, 2020 1:33 AM

USOIL POTENTIAL BEARISH BAT PATTERN SELL OPPORTUNITY Short

TVC:USOIL60
WTI CRUDE OILTVC

Description

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USOIL CHART MAY FORM BEARISH BAT FORMATION ON H-1 CHART. BEARISH BAT PATTERN COMPLETES AT THE TOP OF THE RANGE AT USD 41.09 WHICH GIVES BEST RISK REWARD SELL OPPORTUNITY.

SELL ENTRY- 41.09 TO 41.50
STOP LOSS- 42.20
TARGET-1: 39.55
TARGET-2: 38.60

TRADERS CAN HOLD THEIR SECOND POSITION FOR EXTENDED TARGETS UP TO RE-TEST OF RECENT STRUCTURE LOW OF USD 37.06
Support and ResistanceBat
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