PropSignals

USOil moving lower

Short
TVC:USOIL   CFDs on WTI Crude Oil
**Monthly Chart**

Last month candle closed bearish after testing the low of key reversal candle of the previous month and started moving lower. The next target on monthly is around 71 level and then 63 level respectively.

**Weekly Chart**

Last week's candle closed as a bearish key reversal suggesting a continuation of the downtrend move.

**Daily Chart**

USOil broke the relative equal high of the range with the creation of manipulation candles at around 80 levels. The next target is to break the soft level of supports around 75.50 level and move aggressively lower. A corrective move around 78.00 level is required to push the price lower. The next target is around the 72 to 70 level.

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