the_sunship

USOIL - the two choices

the_sunship Updated   
TVC:USOIL   CFDs on WTI Crude Oil
USOIL can't break below strong support at 92 so far. If it does, it will likely be a big sell to the 70's. If it holds that 92 level and breaks above 104, look for another leg up to around 120.

Comment:
looking like a retracement wave this morning, Aggressive short possibility.

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.