USOil - for 42
USOIl has been travelling in a descending triangle , with price contained beneath the 200 MAV.
Price has tested the support at 50.00 twice , with rejection. Looking for a 5th wave , now moving up back towards 55.00.
Then possibly the final wave down, to test 50 a third time and break to the downside.
The bias is bearish for OIL.
Entry is sought to continue the downtrend , and better prospects may be had by waiting to see if the 55 handle is tested.....
Price has tested the support at 50.00 twice , with rejection. Looking for a 5th wave , now moving up back towards 55.00.
Then possibly the final wave down, to test 50 a third time and break to the downside.
The bias is bearish for OIL.
Entry is sought to continue the downtrend , and better prospects may be had by waiting to see if the 55 handle is tested.....
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.