USOIL on path to 58.50 before falling towards 50. Pending short?
Technical analysis uncovers path that may bring a lot of possibilities of trading, but also a lot of risk, stay close to the news and comments about USOIL, and also monitor the development of the pattern in the following days and weeks.
Time-frame: one month.
Resistance: 58.52
Support: 48.90
Trading setup scenario:
After price reaches 58.52 we short it on a daily close below it. Target 51.20, and 49.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors.
Only invest with money you can afford to lose and ensure that you fully understand the risks involved.
Please remember that past performance may not be indicative of future results.
Supplied information is not an advice.
Time-frame: one month.
Resistance: 58.52
Support: 48.90
Trading setup scenario:
After price reaches 58.52 we short it on a daily close below it. Target 51.20, and 49.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors.
Only invest with money you can afford to lose and ensure that you fully understand the risks involved.
Please remember that past performance may not be indicative of future results.
Supplied information is not an advice.
The Trade Academy R&D Team