Mohamed-Yehia
Short

USOIL facing rejection at the 50% Fib.

TVC:USOIL   CFDs on WTI Crude Oil
After Falling from $34.70 to $30.70 ; USOIL bounces back to $33 but now we can now see price rejection from the highlighted area which is considered as a previous resistance that has been tested multiple times in addition to the 50% Fib. projected from $34.70 to $30.70 and finally the 50 Exponential moving average .
This is an important level to watch for a potential short position.

Comments

Look at that beautiful last price action candle, it's going up.
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Mohamed-Yehia Falcontrades
@Falcontrades, I am still waiting for a potential short position at this level while being flexible to change in plans if the price successful break this level to the upside
Reply
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