USOIL
Oil seems lack of momentum to push up and struggle around mid-cycle 0.618 level which is 51.60.
However, the presence of Monday has give us a hint to oil's future, once if 51.60 can't hold again oil may face plunge to $50 level.
Therefore, we should short oil directly with small SL to earn double or more profits. Consider short oil right now!
Support: 51.60 / 51.23 / 50.72
Resistance: 52.25
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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.