We could potentially see USOIL reaching the yellow target, even though the sentiment is 50/50 we can expect it to see to the downside. As I've mentioned before these markets are algorithmic that can easily be manipulated. our green zone lies below a very strong quarter zone. It is also an imbalance in the market which leads to unhealthy price action as it has also risen up trapping a trendline to the the upside.
Trade closed: target reached
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.
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.