Update USOIL Continue to drop ???!
This is my analysis for us oil. Price broke daily trend line and closed below daily support at 54.81.
Price sold nicely this previous week currently heading towards new minor h4 support 53.46.
I will not be too eager to take any buy positions this week bc I believe price will continue to fall after a nice retracement of course.
If price breaks support I will be looking for more sell opportunities with take profit around 51.45 support zone. This is not trading advice so trade at your own risk. Happy trading!
Price sold nicely this previous week currently heading towards new minor h4 support 53.46.
I will not be too eager to take any buy positions this week bc I believe price will continue to fall after a nice retracement of course.
If price breaks support I will be looking for more sell opportunities with take profit around 51.45 support zone. This is not trading advice so trade at your own risk. Happy trading!
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