USOIL SELLERS WILL DOMINATE THE MARKET|SHORT

שורט

CFDs on WTI Crude Oil (TVC:USOIL)

TVC:USOIL CFDs on WTI Crude Oil

Trend Analysis Chart Patterns Wave Analysis Crude Oil WTI short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image

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Hello,Friends!

USOIL is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 71.58.

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