Selling into rally or current $ 81.52 USOIL seems a reasonable strategy.
we are in current uptrend and ADX still shows trend is upwards, However, considering the channel, we are near to $ 85.50 resistance.
Further evidence is, the price action reactions when near bottow ot top of channel, seems to be consistent.
My personal view is, SELL at current or slightly higher and take profit at channel low. Stop-loss near 86.75 to be on safe side.
we are in current uptrend and ADX still shows trend is upwards, However, considering the channel, we are near to $ 85.50 resistance.
Further evidence is, the price action reactions when near bottow ot top of channel, seems to be consistent.
My personal view is, SELL at current or slightly higher and take profit at channel low. Stop-loss near 86.75 to be on safe side.