orvilleawright

USOIL - IF I AM A BULL? IF I AM A BEAR?

TVC:USOIL   WTI CRUDE OIL
IF I AM A BULL: Buy pullbacks as price rotates to the top of the bear channel. Targets are at the top of the bear channel or the 46.20 - 46.50 zone.

IF I AM A BEAR: Sell failures at the top of the bear channel. Price is currently at the 61.8% retracement. If price action confirms it as also possible to short at this level with targets at the low of the bear channel. You can also buy a strong break and pullback of the low of the bear channel or the 44.20 level.

As always wait for price action to confirm.
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