USOIL : Sell on rallies (Doji at top) Short

TVC:USOIL1D

WTI CRUDE OILTVC

Description

⋅ Jan 5, 2018 12:41 PM

It is good to sell on rallies around 61.55-61.60 with SL around $62.20 for the TP of $60.50/$59.85

Candlestick Analysis

Comments

mnmanstein

⋅ Jan 6, 2018 1:22 AM

I noticed that yesterday as well, and today it was confirmed as an "evening star" formation. That being said, WTI is oversold on the 4 hour chart, so it is difficult to say what will happen on Monday. It is still overbought on the daily chart, but with it oversold on the 4 hour chart, it could be a battle to go either way on Monday.