Get started
DvnielTrading

US Oil bearish retracement

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
DvnielTrading Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Support and Resistance Double Top or Bottom
6
0
supportandresistance doubletoporbottom
Ideas not advice

A technical outlook for the days

  • Double top rejection at resistance
  • Distribution cluster formed and sharp rejection to downwards
  • 150EMA has been it's support in the past
  • If it breaks below distribution lows, it will confirm that it is bearish
  • Unless all of this is either mitigated by Retail sales news or accentuated

Goodspeed y'all
Comment:
Target reached.
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.