CFDs on Crude Oil (WTI)

Short

Possible USOIL sell

The dominant trend so far is to the downside with USOIL. If price holds at this resistance we could see a continuation in the current downtrend. Pice also created a double top above the highs, so this sell may not be long term.

If price fails to hold at this resistance level we could see a retest of the double top before we see a change in direction with USOIL.

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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.