Good Day Everyone
Here's an idea on USOIL that has been trading in an uptrend inside an ascending channel and saw a good day yesterday seems it could still climb higher to test resistance level 42.50 as the S&P500 future pointed higher after positive chinese manufacturing PMI data, but also looking at a scenario of bears coming into play and pushing oil down as we wait for the canadian GDP data and fundamentals on oil today.
will look for significant moves to the downside unless the channel holds....
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If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Here's an idea on USOIL that has been trading in an uptrend inside an ascending channel and saw a good day yesterday seems it could still climb higher to test resistance level 42.50 as the S&P500 future pointed higher after positive chinese manufacturing PMI data, but also looking at a scenario of bears coming into play and pushing oil down as we wait for the canadian GDP data and fundamentals on oil today.
will look for significant moves to the downside unless the channel holds....
_________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Trade active:
no clear direction as of yet, still ranging
Order cancelled:
structure still holds still no clear direction trade canceled
