Daily Analysis on US OIL by ThinkingAntsOk
Use this as a guide to make your own setup
Main items we can observe on the Daily Chart:
a)The price is against a major Support zone tested multiple times
b)Currently, we can see a corrective structure close to the support zone and the Descending trendline
c)We expect a breakout of the corrective Structure + correction below it
d)If this happens and the support zone 1 is broken, expect a continuation of the bearish movement towards Support zone 2
Main items we can observe on the Daily Chart:
a)The price is against a major Support zone tested multiple times
b)Currently, we can see a corrective structure close to the support zone and the Descending trendline
c)We expect a breakout of the corrective Structure + correction below it
d)If this happens and the support zone 1 is broken, expect a continuation of the bearish movement towards Support zone 2