USOIL IDEAOil broke the bearish channel forming a new low around 27.50 $ after that it bounced hard and it's approaching to the channel support now resistance without any FA on it's favour.
We could see a perfect pullback to it or a break upside to recover the bearish channel.
Anyway nothing here changes the trend.
Happy Trading
Arabia
"Crude Oil" a Huge profit to be madeCrude oil is making new grounds with it soon to
come with its reverse pull back, same thing
happened in 2009 although there is a possibility
that crude can slide to support at 40$. either
way i will be easing my way into a positions
using the ETF UWTI which is priced very cheaply
at 3$ a share. also a big shout out to @Ricker for showing me UWTI