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848evo

USOIL Demand is Strong, but buying pressure losing steam

Long
CFDs on Crude Oil (WTI) (FX:USOIL)  
848evo  
FX:USOIL   CFDs on Crude Oil (WTI)
1
0
USOIL is definitely in an uptrend right now especially as we enter seasonal high demand time, but buying pressure is running low and I'm looking for a retrace to either the powerful lower support at 46.75 and rebound back up to around $51 area or if PA can break this strong support level, then looking for a further fall to around 44.45 before rebounding back up.

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