Price has been in a consistent short-medium term downtrend. All signals are pointing to continued bearish momentum on this pair. My next zone of interest is the PRZ as shown on the chart. If price follows the rules of the Harmonic pattern in place, then there should be a very good potential setup for a bullish run.
Well, with a perfect bounce off the 78.6% rertracement of AB crude oil (USOIL) seems to be putting in a swing low. Look for continued strength up to $55. Go long with UWTI