TradingView
KENJICHEN
Jun 18, 2019 6:20 AM

0618-USOIL Analysis Short

WTI CRUDE OILTVC

Description



USOIL
Oil seems lack of momentum to push up and struggle around mid-cycle 0.618 level which is 51.60.
However, the presence of Monday has give us a hint to oil's future, once if 51.60 can't hold again oil may face plunge to $50 level.

Therefore, we should short oil directly with small SL to earn double or more profits. Consider short oil right now!

Support: 51.60 / 51.23 / 50.72
Resistance: 52.25


More