Channel respected. Possible downtrend movement.
Hi Folks:
Here's an update on the USOIL. We hit the resistance trendline of the current descending channel and unless we break it out due to some stormy news we should be going down again.
EMA 100 has been a perfect resistance once again.
Cheers. Stay Safe.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Here's an update on the USOIL. We hit the resistance trendline of the current descending channel and unless we break it out due to some stormy news we should be going down again.
EMA 100 has been a perfect resistance once again.
Cheers. Stay Safe.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
