Lets keep it simple on this daily chart. USOIL is being rejected again from the daily pressure trend line. It is possible to find a entry or pattern on 4h or 1H chart to sell coz the 5th wave could reach late low (61-62) for a double bottom. And 1.27 fibo ext to 58-59.
@FUNTRADER-Vera, 👌Lower Highs and Lower Lows.. I don't see any fundamental reasons breaking upwards.. Perfect setup to sell Oil upon confirmation lower timeframe as you say 👍
FUNTRADER-Vera
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@Prasad_Ari, yes. Chart should follow fundamental. Not really strong reasons for upward. Let's wait for momentum on Thursday NY session.