USOIL Is Going Down! Sell!

21 thg 9

Take a look at our analysis for USOIL.

Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 71.19.

The above observations make me that the market will inevitably achieve 67.16 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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23 thg 9

Ghi chú

Great beginning for a trade, let’s hope it goes further!