Since the dramatic drop May 2020, USOil is in the bullish momentum. It has been in this bullish channel and whenever we touch this trendline, we got reaction. I expect further drop upcoming weeks due to agreement of US and Iran as well. However, markets did not react yesterday. I am betting on a short position, i will go for BE if we reach 88usd, also i am looking closely to USDCAD pair as well.
Trade closed: stop reached:
Due to the war situation between Russia and Ukraine technical did not work, it is risk on sentiment market conditions.