Possible pullback on USOIL Long

Crude Oil (WTI)FXCM

Description

⋅ Aug 1, 2016 7:41 PM

The last candle still has some time to close, but based on what is now, we can see an indecision forming on area of support. USOIL dropped 3.5% today, which is a strong move, so we may look here for some short-term long positions.

Comments

DavidBelleFX

⋅ Aug 2, 2016 11:19 AM

I'm looking at a bounce from $39 to hit $59/60.