USOIL SELL SET UP
USOIL is technically on a downtrend. It has been making a series of highs and lows around the intermediate zone . It has created a nice high at 75.000 which I have considered as the second touch of the trend line because it is a psychological level . Let’s patiently wait and see how price reacts on the third touch of the trendline . If it gives a nice price action rejection we can join the sell, for now let’s keep watching.
Key zone to monitor: 74.296
Key zone to monitor: 74.296
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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.