false breakout on USOIL?
Updated
Strong jump today but completely rejected may signal a bearish move next week. Under 92 is the level the bears want to take out.
Stops should be above the last high (about 102). Best to wait until monday to see if price continues down as weekend news can always be a wild card.
Stops should be above the last high (about 102). Best to wait until monday to see if price continues down as weekend news can always be a wild card.
Comment
A closer look shows they tried to overtake the trendline with no luck so far. Comment
under support, we'll see if it sticks. 
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