USOIL 4H chart

26 באוג׳ 2020

Please do you own analysis, this is just a trading idea. We can see that we have reached a crucial resistance level in the market and although the price is rising the MACD keeps making lower highs, this could bee seen as a bearish divergence. The formation of a Bearish pattern gives us more clues of where the price could move next. I case the price will respect the rejection level I will look for short.

TP 61.8 Fib