USOIL could possibly resume the trend.
USOIL has retraced to the Fibonacci optimal trade zone on the daily chart, also price is nearing a long term bearish trend line on the daily chart. If price starts start to break lows mid week we can see price resume the downtrend. There is also 🐻 ish Divergence spotted on the daily chart. "You can never have to many confirmations". 💯
Remember price has to start breaking lows to confirm bias, we are neutral until then.
Remember price has to start breaking lows to confirm bias, we are neutral until then.
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