USOIL - One final push down to 60-58?

Apr 24

Not the best time to go long on this counter yet.. expecting one push towards 60-58 levels.. if it breaks below the recent swing low, then it could head towards sub 50 levels too.. but for now, 60 looks imminent

Apr 29

Trade active

from $63.5 to $60.4 so far.. On the weekly chart, price is rejecting from the 0.5 fib level.. ideally, it should take a support at the 0.618 fib level at $49.29.. interesting days ahead..

Apr 30

Trade closed: target reached

Some strong buying signs at the 59-60 zones.. closing the short view here.. since this is bouncing off from the channel bottom, one can attempt a buy with day’s low as SL