USOIL after drop decline from baseline to retest the supply zone i preffer to wait for the test of supply zone we will be witness a drop to the support levels.
OIL. Used all around the world all the time. When we saw the rally up to the 130$ Area and people were screaming to buy more.. It had to be questioned what was stopping them from being in reality..
When things raise in price, people sell. That is the nature of any market, it doesn't matter what you are trading... And we were no different calling this short for...
On the weekly time frame, prices are holding below a key area at 127.80 where we could see further downside below this area. On the H4 time frame, we are seeing a shift in order flow with the break of the recent low at 112.50. A pullback to the resistance area at 114.80, in line with the 61.8% Fibonacci retracement and 100% Fibonacci extension presents an...
USO seems to have put on its extra springy sneakers as it has jumped up into the green zone between $83.54 and $87.83 quite briskly after pressing against it for some time. Now, it should finish wave B in green in this region and subsequently turn around to move downwards. On its way, USO should then drop back below $82.48 and also fall below the support lines at...
hello guys , short term at least Short opportunity I am seeing in USOIL , be careful with your risk / money management before getting into trade
this is not any financial advice, trade at your own risk
Price respects horizontal levels nicely plus we have potential H&S continuation pattern with TP1 at 41.03 where gap from March would be closed.
Wait for breakout and apply risk management!!
Good luck!
