UOOIL - Is the rally over extended now
USOIL Looking for a push lower confirmed with a break and hold below 26.30
Rationale: Lower price structure, ETH consolidation in a tight range inside previous day. Squeeze on the cards
Targets 25.50 / 24.90
Break below 24.90 there is a swing potential to test right upto 23s, else we look to rotate back from there
Stops: above 27.85
Rationale: Lower price structure, ETH consolidation in a tight range inside previous day. Squeeze on the cards
Targets 25.50 / 24.90
Break below 24.90 there is a swing potential to test right upto 23s, else we look to rotate back from there
Stops: above 27.85
Trade closed: target reached
Targets done, back to pullback mode, looks like another lower structure on the cards
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.