Crude Oil - Price Structure
Interesting setup on the 1h chart for USOIL with an ascending channel, price has been trading within this area for around 2-3 weeks with no sign of a breakout until now.
Price has broke out and closed below the trendline, which indicates a move lower.
Feel free to use this analysis to back up your shorting positions.
Don't forget to follow me on social media for more investing related content :)
Price has broke out and closed below the trendline, which indicates a move lower.
Feel free to use this analysis to back up your shorting positions.
Don't forget to follow me on social media for more investing related content :)
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