USOIL Short from $44 upto $38
Reason : Upside move has exhausted in three way pattern. Reversal will take shape at this level to head southwards.
Timeframe : By end of this month.
Timeframe : By end of this month.
Trade active
Shorts position trades are active.Trade active
Oil has slightest chances from here to move up to $45.75. Thus, Booked profit in most of the position for short side. Will add short position at upper price. Some short positions are yet open.Note
Short positions will be initiated at $46-47.
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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.