Hi traders, as you see USOIL is approaching strong supply zone at the top. As you see that zone rejected price many times in the past, and I expect it to repeat that again. Patiently watch for rejection in that zone. Price still have some small room to reach that zone, so stay patient! I will watch for rejection and possible price action on lower tf, but i will update you below! Stay patient and good luck!
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Im holding buy from 53.50 but will close it when price reach supply zone. Price might correct back to trendline for that last push to the upside, so if you want you can take short term buy if correction will appear
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Oil is nicely pushing higher, lets wait for that last push to the zone, and hopely we will get nice rejection there. Keep an eye on it!Note
We are having nice impulse, and correction in the making. As you see price already filled that gap happend on market open yesterday. Wait for slowly retest of that trendline and then strong breakout if you want that short term buy. I will be watching around 61-62 for rejection and sell
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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.