USOIL is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 88 region.
What you guys think of this idea.
beyondtechnicalanalysisbrokenstructureChart PatternsCommoditiesCrude OilDescending ChannelTechnical IndicatorsJTSTrend AnalysisCrude Oil WTI

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