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USOIL: Downtrend with a Potential Pullback Before Bottoming Out

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
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TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis
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trendanalysis
In my opinion, the price of USOIL is currently experiencing a clear downtrend that may come to an end soon. However, before reaching the bottom at the 65$ zone, a pullback to the 70$ zone is expected. It is important to note that the 60$ zone is a resistance level with significant monthly power.
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