How can we trade USOIL?
USOIL is near the completion of a small Head & Shoulders pattern.
We need to be careful on this potential sell scenario because the price has the potential to complete a daily pattern that can be completed close to 92-95.
In the actual situation if the price will break lower than 86.30 will increase the chances for the bearish scenario.
The problem is that if that area holds the price up it will move higher up to 89 and after that 92.
Daily Chart:
USOIL is near the completion of a small Head & Shoulders pattern.
We need to be careful on this potential sell scenario because the price has the potential to complete a daily pattern that can be completed close to 92-95.
In the actual situation if the price will break lower than 86.30 will increase the chances for the bearish scenario.
The problem is that if that area holds the price up it will move higher up to 89 and after that 92.
Daily Chart:
Order cancelled:
Order Cancelled
Price is moving higher
Price is moving higher
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✅Free Signals 👉👉 https://t.me/TradingPuzzles
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