US OIL weekly Overview
Updated
USOIL weekly overview
As we see on chart price bounced down from key sell zone $66 — $67. Also, 2 weeks ago OPEC announced that they increase OIL production. We have a technical and fundamental reason why it should move down.
For me the best place for open Short is near $65 — $66 zone.
The long-term goal is $59
P.S. Also if you take a look on all currencies with USD you will see that it is increasing everywhere. And it will do against Gold and OIL as well.
As we see on chart price bounced down from key sell zone $66 — $67. Also, 2 weeks ago OPEC announced that they increase OIL production. We have a technical and fundamental reason why it should move down.
For me the best place for open Short is near $65 — $66 zone.
The long-term goal is $59
P.S. Also if you take a look on all currencies with USD you will see that it is increasing everywhere. And it will do against Gold and OIL as well.
Trade active
Price near the key level where you can open Short. The Best Place for S/L is upper $67
Trade active
If you opened Short on Oil, you can hold it.Trade active
US OIL just made a PullBeak to sell level $66.22Price can continue to move down. I opened Sell at $65.32.
I recommend you look for short only in this zone $65.50 - $66.00.
S/L: $66.39
1T/P: $62.14
2T/P: $58.50
Trade active
Price bounced from $66. those who open a deal in right place you can hold it to 1st T/P.Trade closed manually
Closed Manually at $65.48
Get access to the private club with VIP signals
👉 bit.ly/vip_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
👉 bit.ly/vip_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
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.