Leo-btm

What I'm waiting to see in USOIL?

Short
TVC:USOIL   CFDs on WTI Crude Oil
USOIL / 4H
Hello traders, welcome to another market breakdown.
USOIL has been trading in a very strong bullish trend. But recently, the price has been rejecting the dynamic weekly resistance indicating a strong pullback is expected.
Before opening in a short position, I'm looking to see a breakout from the rising channel. Then I'll be looking to sell short pullback.

Trade safe,
Trader Leo.

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.