USOIL, What I'm still waiting for.
USOIL / 4H
Hello traders, welcome back to another market breakdown.
USOIL is reversing from a Macro level and Macro reasons, I have spoken about a potential reverse once the OPEC started cutting production and the market opened with a Gap the day after due to Japon paying higher prices to Russia then Friday's close.
I'm still waiting for a deep pull-back at least to close the Gap, if the Gap doesn't close that's very bad news for any bear out there. This can lead to a measuring Gap.
Trade safely,
Trader leo
Hello traders, welcome back to another market breakdown.
USOIL is reversing from a Macro level and Macro reasons, I have spoken about a potential reverse once the OPEC started cutting production and the market opened with a Gap the day after due to Japon paying higher prices to Russia then Friday's close.
I'm still waiting for a deep pull-back at least to close the Gap, if the Gap doesn't close that's very bad news for any bear out there. This can lead to a measuring Gap.
Trade safely,
Trader leo
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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.