Usoilidea
USOIL: Possibility to Drop till $10 Thanks for Taking Interested in my Trading Idea.
USOIL: Possibility to Drop till $10
Dear followers, the best Gift for me is "will be your likes , comments & Share
Note: This is only for Educational purposes; this is not investment advice.
Thanks for your support!
OIL WAR, Will it End ?!Descending Channel coming to an end, Price has been respecting the channel twice, approaching for the 3rd touch to validate a Long term Buy Opportunity on OIL, again we wait for the market and its reactions.
Note : We are seeing it in the Monthly Time Frame, you might want to check lower Time Frames Before Jumping to a Trade.
Trade Safe.
#USOIL, Only if you like risk click on the above signal! True, this is a signal that goes against the current trend and therefore the risk is higher but the above support line $ 50.8 cannot be ignored.
The RSI has reached the bottom possible, a necessary price correction.
Stochastic shows that USOIL in Oversold.
Target: $ 54
In case of break of the above support line the signal is canceled.