USOIL, Still channeling down.

WTI CRUDE OILTVC

Description

⋅ Dec 31, 2023 5:25 PM

USOIL / 4H

Hello traders, welcome back to another market breakdown.

USOIL has been trading inside a channel. Making new lows, lower highs. I'll be looking for a shorting opportinity in the next week until bulls manage to break above the channel.

Trade safely,
Trader Leo

Comments

amirhesam99

⋅ Jan 1, 2024 9:42 PM

In my opinion it can come down untill 67.8 after that start trying moving up

Babak_Parsa2020

⋅ Jan 4, 2024 11:12 AM

@amirhesam99, Totolly agree...my TP is 67.200

SpartaBTC

⋅ Jan 1, 2024 1:11 PM

Looks like oil is still going to drop in price with this "green energy" trend.

Leo-btm

⋅ Jan 1, 2024 1:56 PM

@SpartaBTC looks like it but I think it will start bullish move after taking the low

ceciliones

⋅ Jan 1, 2024 4:22 AM

great setup

Leo-btm

⋅ Jan 1, 2024 1:55 PM

@ceciliones appreciate the support

Babak_Parsa2020

⋅ Jan 4, 2024 11:14 AM

Let's see what's going to happen in middle eastern and the effects of that.

Arazmajeed

⋅ Jan 2, 2024 12:27 PM

awesome explanation, thanks for sharing

MadWhale

⋅ Jan 2, 2024 8:39 AM

yes agree

Leo-btm

⋅ Dec 31, 2023 5:26 PM

Let me know your opinion traders.