TVC:USOIL   CFDs on WTI Crude Oil
As it continues to get tighter and tighter between support and resistance this $98 range has came in as pretty good support along this uptrending line. Although this could end up turning into a very bullish outcome, I’m actually not seeing much momentum forming on a four hour chart. It actually to me, looks like we’re starting to roll over here and we actually might see a leg down breaking this up trend that’s been holding us for a while now. This is something we’re going to want to keep an ion and see if we start to break trend and use it as resistance if we do shorting this might be a beautiful opportunity and maybe our wallets will think us when filling up our vehicles LOl

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.