Shorting USOIL

19 May 2020

When we go and have a look at the chart we can see that there is a breakout of the 70 level in the RSI and that the first red candle is forming now in the Heikin-Ashi. This are good indicators that the price will go down.
Let me know in the comments what you think of it.

19 May 2020

Not

Also when we go and have a look at the MACD we can see that there is no higher high that is formed there but there is a higher high on the chart. This is a good indicator for a divergence

20 May 2020

İşlem elle kapatılmış

I closed this trade for the moment. Was in good profit when I closed it but it is going up now. Also need to wait and see because the Crude Oil Inventories are going to be released in a few minutes.