CFDs on WTI Crude Oil
לונג

Can USOIL Bake For Us A Fresh Higher High?

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Let me save you the stress of reading long notes that has little or nothing to do with the analysis. It's a simple one, in a bullish trend, as you can see the tight structures on the 1Hr timeframe that signifies the aforementioned, the last created demand zone tend to be a potential trend continuation constituent, although I'd like to see some liquidity being grabbed by the pullback(check 5min TF for a clear view of the trend line), cause it gives me a stronger confirmation that the zone where I have my entry is going to be a positive one. Liquidity (i.e Trend line).

Do you think USOIL is still bearish, or probably displaying a strong sell momentum? Feel free to share on the comment section 🤗

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