USOIL - Crude Oil Inventories to Fuel the Breakout?
Price has been in a correction since the start of June this month, and we are seeing a potential completion of the correction around 66.79 - 67.27 area.
We are holding a bearish bias on oil and will be targeting around the 64.05 and 62.35 area.
*Disclaimer - This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
We are holding a bearish bias on oil and will be targeting around the 64.05 and 62.35 area.
*Disclaimer - This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.