USOIL bears are burning out...this can be noted by looking at at the bullish divergence on the daily time-frame
Early 2016 has good strong signs of a bullish market in U.S Oil
However we must realized that the overall trend is bearish and that eventually the bulls will be coming back to continue the death of U.S Oil. The time the bulls will come back can be seen by the red arrow going down on the chart. This signals the completion of an ABC correction pattern.
Make sure to take profit or move stop losses
At the end of the day you want money in your pocket and not a bunch of unrealized gains. Trade wisely.
Early 2016 has good strong signs of a bullish market in U.S Oil
However we must realized that the overall trend is bearish and that eventually the bulls will be coming back to continue the death of U.S Oil. The time the bulls will come back can be seen by the red arrow going down on the chart. This signals the completion of an ABC correction pattern.
Make sure to take profit or move stop losses
At the end of the day you want money in your pocket and not a bunch of unrealized gains. Trade wisely.
