USOIL is trading below major downtrendline
Price is based below key level at 62.00
Price is based below HVN at level 60.75 which indicates that usoil is in distribution phase
Price is forming Head & Shoulders pattern
MACD shows weakness in bullish momentum
RSI is below level 50
It's expected to target demand zone at level 57.50
Price is based below key level at 62.00
Price is based below HVN at level 60.75 which indicates that usoil is in distribution phase
Price is forming Head & Shoulders pattern
MACD shows weakness in bullish momentum
RSI is below level 50
It's expected to target demand zone at level 57.50
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price drop down +172 pips