PULEMokhothu

USOIL 37.01 - 4.02% * SHORT IDEA CONTINUATION PTTNS & STRUCTR

Short
TVC:USOIL   CFDs on WTI Crude Oil
GOOD DAY EVERYONE

Here's an idea on the USOIL which closed at 37. 01 looking at the monthly chart the oil just broke the 61.8 % fib testing resistance level 43. 27 where it was rejected and pushed down with the bears by almost 5% , currently trading at a significant level waiting to see a break of this level to see continuation with the bears targeting support level 35.24. fundamentally this move is highly possible and from higher time-frames the sentiment is fairly bearish so waiting for price to indicate and will be looking for entries on lower time-frames. hope this idea assists in any way on your trades on oil .

LET'S SEE HOW IT GOES..

HAPPY TRADING EVERYONE

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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE

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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Order cancelled: 🔴 price pushed to the roof of the descending channel structure let's watch the price see if we'd see that push from that level as we see a momentum shift towards the bears.

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