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williamjoelwulff

A PROBABLE SHORT OR SELL RETRECAMENT OF USOIL

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CFDs em Petróleo Bruto WTI (TVC:USOIL)  
williamjoelwulff  
TVC:USOIL   CFDs em Petróleo Bruto WTI
Trend Analysis Chart Patterns
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trendanalysis chartpattern
USOIL has been in an Uptrend for the past 10 weeks. This implies market has been creating series of Higher Highs and Higher lows. For the previous movement of 70.00 to breaking through the previous high of 85.00 then market was due to retrace a portion of that movement before a continuation of the trend or change in the overall direction of the market. So a double top chart pattern toppled with a proper reversal candle will confirm the Short position or Sell Retracement in the Oil chart/market
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