CRUDE OIL CAN FURTHER TUMBLE BELOW $80
Check out the trade plan for USTCBUSD today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
Oil faked a bullish breakout on the hourly minor trend formed and here we can clearly witness a failed breakout on the key level highlighted. This reversal is on the 4th impulse hinting us another minor trend to happen to the downside with respect to a bear flag breakout. Here I expect the price to revisit back another important low we have been moving close to or below $80 in the next few days.
Oil faked a bullish breakout on the hourly minor trend formed and here we can clearly witness a failed breakout on the key level highlighted. This reversal is on the 4th impulse hinting us another minor trend to happen to the downside with respect to a bear flag breakout. Here I expect the price to revisit back another important low we have been moving close to or below $80 in the next few days.