0109 USOIL turning down for a correction on NFP Day
Hello traders,
USOIL is on a plan for correction right now.
First lets review our outlook of USOIL in this idea.
USOIL did not make a sideways price action but went up straight to the weekly resistance zone. Now should us think about correction or sideways price action for USOIL?
Yes.
On this 4H chart, with a later NFP releasing, it is possible for USOIL to make a test once to 84.84 and turn down for a correction. Corrective wave could down to hit FIbo 382-618 zone.
GOOD LUCK ON WAITING FOR MORE SIGNALS.
LESS IS MORE!
USOIL is on a plan for correction right now.
First lets review our outlook of USOIL in this idea.
USOIL did not make a sideways price action but went up straight to the weekly resistance zone. Now should us think about correction or sideways price action for USOIL?
Yes.
On this 4H chart, with a later NFP releasing, it is possible for USOIL to make a test once to 84.84 and turn down for a correction. Corrective wave could down to hit FIbo 382-618 zone.
GOOD LUCK ON WAITING FOR MORE SIGNALS.
LESS IS MORE!
Course and daily analysis sent via email, to sub via web:
signalsofswingtrading.com
Wechat: ziyuvera
Tele: t.me/VeraFuntrader
signalsofswingtrading.com
Wechat: ziyuvera
Tele: t.me/VeraFuntrader
Related publications
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.