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R0ttenCandles

WTI short term bearish

CFDs on WTI Crude Oil (TVC:USOIL)  
R0ttenCandles  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Oil USO WTI short Bearish Patterns intradaytrade
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trendanalysis oil uso wti short bearish intradaytrade
On the 1 hr TF we see that
  • MACD crossover, possible HS, bearish volume continues to build
  • RSI continues to get LL
  • Pressure on top BBand

Confirmation of downward trend if responsibly passes 74.6 S1

Target1 73.74,
Target 2 VWAP 73.5,
Target 3 Bottom BBand at ~72

Short term trading, no long term holds.

Note: yday OPEC meeting still inconclusive - can have impact based on outcome.
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