Next decline is near
Updated
Oil is at crash zone
Price reached to important trendline which formed from 2008 and 2014 highs
Now 100MA is moving in sideways, which is important resistance
618 golden ratio is also holds price
Watch for any pullbacks to short USOIL for long time
Target: Price may fall to 618% 46.00 and even to 34.00
Stop Loss: 87.00
Trade carefully
Price reached to important trendline which formed from 2008 and 2014 highs
Now 100MA is moving in sideways, which is important resistance
618 golden ratio is also holds price
Watch for any pullbacks to short USOIL for long time
Target: Price may fall to 618% 46.00 and even to 34.00
Stop Loss: 87.00
Trade carefully
Note
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