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What Are The Next Critical Levels For The USOIL Price 21/05/2019

FX:USOIL   CFDs on Crude Oil (WTI)
The left chart on the picture is the 4H chart, in this chart, we can see the USOIL price is between two critical levels, at the moment, where the price is now, there is no clear opportunity for Position, unless the price will create a new supply or demand, the next level to buy USOIL is the demand below and the next level to sell is the supply above, the demand below is a great level for Buy position on the first touch of the price, the target for this position will be the supply above, the supply above is a great level for sell position only if the price didn’t touch the demand below Yet. these two scenarios are relevant for swing traders, at the right side of the picture is the 1D chart, the supply above in this 1D chart is a great supply for sell position for the long terms.


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