OIL DROP

7 thg 4, 2021

USOIL

I think Oil is trading in a descending triangle chart pattern at the moment. I am waiting on the $60 Levels to be reached and I strongly believe the bulls will not be able to break that resistance. This has been seen so far since it dropped on 1st April.

I will enter a trade if the resistance can hold and set a TP in the $57 region.

NB: This is purely my opinion and for educational and discussion purposes. Let me know what you guys think.

Thanks.