USOIL Bearish engulfing candle @ key resistance is very bearish
In my last post, I was expecting a strong reaction around 63.40 for a bearish move. However, price overshot level to 64.20 but a bearing engulfing candle closed below 63.40 on 27/2/18 and there appears to be follow-through on that candle as at time of writing. If today's candle closes red, there is potential for price to re-test 59.00 and maybe more towards 54.83. It's just me thinking.