Whats going on everyone.
My favourite setup of the day is USOIL.
You can clearly see this asset is in a bearish structure, with a lower low, and now a lower high formation.
So whats next, logically? A new lower low.
We're starting to see OIL struggle in between the 61.8 and 78.6 fib extensions, and sellers are beginning to push price down.
Im short from this area, with stops set quite tight here.
Target: 34.06.
My favourite setup of the day is USOIL.
You can clearly see this asset is in a bearish structure, with a lower low, and now a lower high formation.
So whats next, logically? A new lower low.
We're starting to see OIL struggle in between the 61.8 and 78.6 fib extensions, and sellers are beginning to push price down.
Im short from this area, with stops set quite tight here.
Target: 34.06.