USOIL Breakout Watch

8 thg 4, 2018

USOIL is consoliadating in a triangle after printing double top @ 66.65 and on negative RSI divergence. Risk is to the downside here and price is currently sitting on ascending TL. Break here could see pivot @54.80 in a hurry. My game plan is to place sell stop order @61.60 with SL @64.00 (just above 6/4/18 high) providing reward:risk of 2.75:1