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USOIL BEARS WILL DOMINATE THE MARKET|SHORT

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CFDs sobre petróleo crudo WTI (TVC:USOIL)  
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TVC:USOIL   CFDs sobre petróleo crudo WTI
Trend Analysis Chart Patterns Wave Analysis Crude Oil WTI short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis usoil short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

USOIL is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 71.86.

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We are seeing a good move already so we will keep the trade running!
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