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Norwegiantrading
Aug 4, 2020 1:10 PM

USOIL HAS BROKEN TRENDLINE Short

TVC:USOIL240
WTI CRUDE OILTVC

Description

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Price has broken a strong trendline, has retested resistance, and is now heading down. The true trend shows that the trend has changed from an uptrend to downtrend on the 4hour chart.

Take profit target (1) : 36.94
Take profit target (2) :35.09

Stoploss: 41.30

Trend AnalysisSupport and ResistanceTrend Lines
Comments
EmanFX
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take a look at monthly chart, looking bullish
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