USOil - Levels to Watch (More shorting to come)
With our oil short completed, it's time to prepare for the next round of shorts.
This will be more a journal than anything.
Note all drawn levels have now flipped from support to resistance. That said, with how quickly oil fell in the last few days and the "OPEC floor", I expect a explosive short-term bounce and will layer in on shorts at each level in increasing increments.
Last 6 Part Oil short series:
This will be more a journal than anything.
Note all drawn levels have now flipped from support to resistance. That said, with how quickly oil fell in the last few days and the "OPEC floor", I expect a explosive short-term bounce and will layer in on shorts at each level in increasing increments.
Last 6 Part Oil short series:
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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.