USOIL may have another retracement below supply zone Short

Crude Oil (WTI)FXCM

Description

⋅ Oct 28, 2019 6:52 AM

We made a long trade at the retracement last Friday and target reached at 56.72.

Today the USOIL might have another retracement to 55.93, plus the High of 1,2 and 3 are not so obvious,
AND they're all below the supply zone with resistance of 56.72.

So, a short trade is actually reasonable.

Trade active

⋅ Oct 28, 2019 2:01 PM

Supply and Demand