August 2015 lows as resistance to USOIL at 39US$ +divergenceAugust 2015 lows as resistance to USOIL at 39US$
As we all know USOIL mainly reacts to markets' moves, so we will have to see how markets pick up the
doom & gloom news from the ECB on monday/tuesday.
Technically it clearly is a short, with growing bearish divergence in the H4 between RSI and the curve.
Decline is possible down to 34US$ (0.382 Fib support + round number) in the coming week.
Thanks for your attention.
Always make sure you only use this as an inspiration to make your own analysis and plan your own trade carefully.
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