2025.01.07 USOIL is correcting down to support zone

٧ يناير

Hello traders:

Last Friday's Alert: [Early Friday morning, during the closing hours of Thursday's US session, oil reached our second target, and long positions were closed with profit! New long positions are not recommended at this time!

This is because on the 4-hour chart, oil showed alternating bullish and bearish candle patterns, which signals short-term consolidation or volatility.]

On the daily chart, oil closed bearish on Monday, forming a reversal and retracement signal for the daily trend.

Therefore, using support structure levels, the short-term retracement targets are:

TP1: 71.80

TP2: 70.50

GOOD LUCK!
LESS IS MORE!

٨ يناير

تم حذف الأمر

USOIL did not make a strong bearish signal on 1H chart in the Early Euro session.
Instead, it rallied up to break the EMA.

٨ يناير

ملاحظة

٩ يناير

ملاحظة

USOIL could run inside a Expansion triangle.