USOIL is in downtrend. It has broken trendline support now testing this support as Fib Resistance 0.5 & Trendline Resistance.
IF this Resistance is respected we can see a further downfall, which is on the cards.
Otherwise if the Resistance is broken then we can see a bullish rally in oil.
Take entry accordingly.
Best of luck
IF this Resistance is respected we can see a further downfall, which is on the cards.
Otherwise if the Resistance is broken then we can see a bullish rally in oil.
Take entry accordingly.
Best of luck
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.
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.