YertuntsTrader

USOIL ! reversed to bullish sign long trade analysis

Long
TVC:USOIL   CFDs on WTI Crude Oil
USOIL is headed for a strong bearish trend there is sign that this downtrend may be over. While earlier bullish, oil neared the 100 EMA, rejected strongly and down. But this time, the oil broke the 100 EMA and moved very strongly bullishly. Oil is currently trading at a level it previously strongly rejected. If can break this level and show growth, you can make a profit on long trades.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.