USOIL > a Provocative Setup to Short Oil !!
Analysis of #USOIL
Been watching oil for while it hasn't interested so much as I knew the price was trying to fill the gap and since it reached 40 it did not move so much.
Now as you can see on the chart price was consolidating inside the rising wedge on the chart comes with RSI divergence which indicates to me a loss of momentum, which could break to the downside, as the consolidation getting tighter every hour
I still have no reason to act on this prediction
-Do not forget to comment below, and if you like it then smash the like button 😉
⠀
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Been watching oil for while it hasn't interested so much as I knew the price was trying to fill the gap and since it reached 40 it did not move so much.
Now as you can see on the chart price was consolidating inside the rising wedge on the chart comes with RSI divergence which indicates to me a loss of momentum, which could break to the downside, as the consolidation getting tighter every hour
I still have no reason to act on this prediction
-Do not forget to comment below, and if you like it then smash the like button 😉
⠀
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
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