What a fantastic trade yesterday: we identified the exact point of the pullback after the "big red candle" (see my H1 chart), and then down with the continuation of the drop . The second target indicated was 69.4: taken!
After that, prices rebounded by 1 dollar, a sign that many buyers were waiting for it, and that there were many profit taking (remember: there was the 50 and the black , support of the movement).
What happens now? As mentioned several times in the medium / long term USOIL remains long, and moreover the cycle is about to end. The daily resistance is at around 71.20, where we have the , the 21 and the dotted .
So for a couple of days better to stay flat, looking for a good entry to ride the next movement.
Stay tuned and have a nice day!!!