USOIL Bearish engulfing candle @ key resistance is very bearish
In my last post, I was expecting a strong reaction around 63.40 for a bearish move. However, price overshot level to 64.20 but a bearing engulfing candle closed below 63.40 on 27/2/18 and there appears to be follow-through on that candle as at time of writing. If today's candle closes red, there is potential for price to re-test 59.00 and maybe more towards 54.83. It's just me thinking.
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.