Hey traders, in the coming week we are monitoring USOIL for a selling opportunity around 111 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
The idea is good, but the price is about to break out the upper line... and it is not only technical bullish sign but also fundamental - oil is really getting more expensive.
TrendtoGain
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@Viktor-Klimov Banks are short now
UnknownUnicorn4430035
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@TrendtoGain, thanks for reply. Insider information from you! ;) Lets see...
JoeChampion
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@Viktor-Klimov, for the long term i'm bullish, the technical analysis above is just some short term pullback i'm expecting, we will wait for the price to reach the target where there is the uptrend and then we will evaluate how is the price action there before making the long decision
UnknownUnicorn4430035
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@JoeChampion, thanks for reply and lets presume this movement on your chart is to be a correction. 🤞