USOIL - false breakout and wind up

8 Mar 2023

The breakout on OIL on Friday was rejected at the 18 weekly ma, again - so that's bearish. We are now under the daily 18. In my opinion this is winding up for a serious move down. Confirmation of a break of the major trendline is under 72 which may come quickly. First target approximately 65 dollars.

Good luck!

9 Mar 2023

Not

objective short here on oil - lots of Daily ma's here as resistance.