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RizeSenpai

4 Hour Bearish Bat with RSI Bearish Divergence on USOIL

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
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TVC:USOIL   CFDs on WTI Crude Oil
Harmonic Patterns Chart Patterns Technical Indicators wtiocusd Crude Oil WTI wticrude uscrude Bearish Bat bearishdivergence Rising Wedge
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harmonicpatterns chartpattern indicator wtiocusd usoil wticrude uscrude bearishbat bearishdivergence risingwedge
Frome the looks of things we have some Bearish Consolidation going on right now and the Bearish Bat is hinting to me that the 800 EMA will act as Resistance. If we break through the Demand Line of the structure i think USOIL will Begin an Accelerated Movement down to atleast $71 in the short term.

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