Possible short position on the break out
Hi
USOIL could test the support once again before jumping up, as clearly shown it couldn't break the 34$ resistance
USOIL area which is crucial for upside movement of the price.
Even get your eyes peeled for Saudi Arabia and Russia for further pricing of the OIL.
If the price breaks above the resistance area and consolidates above it this trade idea is invalid.
USOIL could test the support once again before jumping up, as clearly shown it couldn't break the 34$ resistance
USOIL area which is crucial for upside movement of the price.Even get your eyes peeled for Saudi Arabia and Russia for further pricing of the OIL.
If the price breaks above the resistance area and consolidates above it this trade idea is invalid.
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