US OIL weekly Overview

USOIL weekly overview

As we see on chart price bounced down from key sell zone $66 — $67. Also, 2 weeks ago OPEC announced that they increase OIL production. We have a technical and fundamental reason why it should move down.

For me the best place for open Short is near $65 — $66 zone.
The long-term goal is $59

P.S. Also if you take a look on all currencies with USD you will see that it is increasing everywhere. And it will do against Gold and OIL as well.

Trade active:

Price near the key level where you can open Short.
The Best Place for S/L is upper $67

Trade active:

If you opened Short on Oil, you can hold it.

Trade active:

US OIL just made a PullBeak to sell level $66.22

Price can continue to move down. I opened Sell at $65.32.
I recommend you look for short only in this zone $65.50 - $66.00.

S/L: $66.39
1T/P: $62.14
2T/P: $58.50

Trade active:

Price bounced from $66. those who open a deal in right place you can hold it to 1st T/P.

Trade closed manually:

Closed Manually at $65.48