Short for USOil
Since the dramatic drop May 2020, USOil is in the bullish momentum. It has been in this bullish channel and whenever we touch this trendline, we got reaction. I expect further drop upcoming weeks due to agreement of US and Iran as well. However, markets did not react yesterday. I am betting on a short position, i will go for BE if we reach 88usd, also i am looking closely to USDCAD pair as well.
Trade closed: stop reached
Due to the war situation between Russia and Ukraine technical did not work, it is risk on sentiment market conditions.
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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.