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livetotradefx
31 May 2018 01:50

USOIL Bulls Eyeing For Next Resistance? 

WTI CRUDE OILTVC

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Good day Traders. As of today, USOil rallied after reports citing that Saudi Arabia, Other OPEC and non-OPEC allies would extend on cutting oil supplies until the end of 2018 however were ready to make gradual adjustments in the event of any supply shortage. From my recent post, USOil is still in a clear uptrend and price was sitting off to key support with yesterday's Doji Indecision candle still waiting for long confirmation entry. Now, Bull's are eyeing next psychological price resistance $72.84 if today's EIA Crude Oil Stockpile report declines than expected.

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Tara
Thanks for sharing. Do you think it will go back to the key support (again) before it ascends?
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