Daily Analysis on US OIL by ThinkingAntsOk
Use this as a guide to make your own setup
Main items we can observe on the Daily Chart:
a)The price is against a major Support zone tested multiple times
b)Currently, we can see a corrective structure close to the support zone and the Descending trendline
c)We expect a breakout of the corrective Structure + correction below it
d)If this happens and the support zone 1 is broken, expect a continuation of the bearish movement towards Support zone 2
Main items we can observe on the Daily Chart:
a)The price is against a major Support zone tested multiple times
b)Currently, we can see a corrective structure close to the support zone and the Descending trendline
c)We expect a breakout of the corrective Structure + correction below it
d)If this happens and the support zone 1 is broken, expect a continuation of the bearish movement towards Support zone 2
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.