CFDs on WTI Crude Oil
Short
Updated

USOIL sell off

The sells offs in oil are gaining momentum. A nice, weak retracement back to around 53 would make for a potentially favorable short. Let's see if it can reach that area first....
Note
There's probably a reversal gartley pattern in there somewhere for this who trade them :)
Note
updated "analysis" with explanations on hourly chart:

snapshot
Note
Part 2:

snapshot
Note
No trade yet. dont take the bait
Note
Updated buy zone, in case price would rather be bought first, or for your first TP.

snapshot
Trade active
snapshot

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.