USOIL _ What is illustrated by the chart ?!
After massive drop in oil price which the main reason for that -fundamentally- still complected due to many synaptic reasons like the base concept of supply and demand theory , china growth slowing and unstable political condition in the Middle East .
For Technical analysis ,the chart shows potential bullish impulse as based in following :-
1- Valid Carb Pattern.
2-Valid two ABCD pattern
3-The trend hit the lower level for the bearish channel.
4- Valid RSI Regular divergence.
For Technical analysis ,the chart shows potential bullish impulse as based in following :-
1- Valid Carb Pattern.
2-Valid two ABCD pattern
3-The trend hit the lower level for the bearish channel.
4- Valid RSI Regular divergence.
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