Crude Oil - New Lows
This is huge, we have USOIL on a Daily chart with a picture perfect trend. This is additional analysis supporting my bullish 5-0 idea which was posted 18 days ago, everyone who got in on that trade made some serious profit!
We can clearly see that whenever price gets relatively close to our 200 EMA the bears show up, driving it back down to new lows which has happened twice already during the past 10 months.
We have already broken the lows of 2009 in the early stages of 2016. Could USOIL reach the 20$ lows of the early 2000's?
We can clearly see that whenever price gets relatively close to our 200 EMA the bears show up, driving it back down to new lows which has happened twice already during the past 10 months.
We have already broken the lows of 2009 in the early stages of 2016. Could USOIL reach the 20$ lows of the early 2000's?
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