SHORT OIL USD (WEEKLY TIMEFRAME)
Oil looks in correction phase after reaching the support demand zone at area 64 and currenting heading back up to the downtrend upper channel possibly at area 75.
Oil is still in its downtrend channel and possibly next target, if the support breaks, into next support and demand zone at area 50.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.