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EliteTradingSignals

USOIL SHORT FROM RESISTANCE

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
EliteTradingSignals Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Wave Analysis Crude Oil WTI short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis usoil short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

The BB upper band is nearby so USOIL is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 72.58.

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Comment:
We are seeing a good move already so we will keep the trade running!
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