AMID THE FEAR OF A GLOBAL PANDEMIC AND GROWING OPPOSITION AGAIN FOSSIL FUEL USAGE, LOOK FOR USOIL TO TAKE ONE FAT DUMP. SUPPORT COULD HOLD STRONG NEAR $45 BUT IF NOT, YOU CAN SAFELY ASSUME THE 'WORST'.
MONTHLY VIEW: JAN = BEARISH ENGULFING; THE BEGINNING OF FEB HAS BEEN A COOLING OFF PERIOD SO FAR; SLIGHT RETRACEMENT.
UnknownUnicorn5320750
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@horusgump,
UnknownUnicorn5320750
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@horusgump, JAN ALSO PUSHED THROUGH THE HEAVY ZONE AT $52.20-$52.00
UnknownUnicorn5320750
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WEEKLY VIEW:
UnknownUnicorn5320750
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DAILY RSI IS SUPREMELY LOW HOWEVER, THE WEEKLY RSI HAS PLENTY OF ROOM TO COME DOWN SOUTH.
RESISTANCE ZONE FROM $52.00-.20 GOES BACK TO DEC 31 2019; ATTEMPTS TO RE-ENTER IT HAVE FAILED NUMEROUS TIMES.
AFTER SLIPPING TO $45.00 PRICE SHOULD FLUCTUATE HEAVILY TO COOL OFF -OR- QUICK COME BACK UP TO RETEST THE $52.00 - $52.20 ZONE.
OBVIOUSLY, I ANTICIPATE EITHER ATTEMPT TO FAILING BUT ONLY TIME WILL TELL.