CFDs on WTI Crude Oil
Short

USOil

145
Wkly TF showing price rejection off a strong resistance zone, Daily TF in a confirm downtrending market. Overall expectations would be to short from weekly resisatance or to get a breakout beneath support. Personally I would be waiting to see price coming back to around $56.00 before looking to open a position now.


As always your feedbacks are welcomed!

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.