KlejdiCuni

USOIL: Is The Price Of Oil Too Expensive? | SELL SEL SELL

Short
TVC:USOIL   CFDs on WTI Crude Oil
USOIL started the upward movement at the beginning of December with a deep pullback in the middle of the month.
After that, we saw a strong recovery of price increase in almost a month from 66.20 to 88.70 or approximately + 34%.
Apparently, the price has already found a new peak and we can see it going down again, for a correction or a change in the price direction again.
From our previous analysis, the price reached 2 targets in USOIL and 2 targets in Natural GAS.
Now I expect a new price decrease for the coming week.
However, we must be careful of the large upward trend of higher time frames.

Targets:
🎯 81.74
🎯 80

Thank you and Good Luck!

Previous analysis:
www.tradingview.com/...s-the-next-Movement/

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