Hi Traders!
The bearish price action continues on the USOIL 1D chart, and there may be possible opportunities for short entries.
Price Action 📊
The market has had lower highs and lower lows since breaking below the 3-month low and 20 EMA, creating a descending triangle pattern on the chart.
We are looking for further bearish momentum to break and close the trendline support line and continue to the downside.
Fundamental Analysis 📰
The market's outlook on USOIL is currently negative due to continuing dips in oil prices following tensions in the Middle East.
Support 📉
74.57: TRENDLINE SUPPORT
Resistance 📈
79.01: TRENDLINE RESISTANCE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
The bearish price action continues on the USOIL 1D chart, and there may be possible opportunities for short entries.
Price Action 📊
The market has had lower highs and lower lows since breaking below the 3-month low and 20 EMA, creating a descending triangle pattern on the chart.
We are looking for further bearish momentum to break and close the trendline support line and continue to the downside.
Fundamental Analysis 📰
The market's outlook on USOIL is currently negative due to continuing dips in oil prices following tensions in the Middle East.
Support 📉
74.57: TRENDLINE SUPPORT
Resistance 📈
79.01: TRENDLINE RESISTANCE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
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t.me/bluetonaFX
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Related publications
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.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
Related publications
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.