WTI OIL(USOIL) will fall from Resistance. Sell!

٢٣ نوفمبر ٢٠٢٠

Hello, Traders!
OIL is approaching a confluence of strong resistance levels
Even thought the Dollar is pretty weak
The demand for oil is dubious
Due to the recovery rate uncertainty
And the possibility of new lockdowns
Vaccine efficiency and deployment etc..
All of the above leads me to believe
That bulls wont't be pushing above the confluence
Therefore, I expect oil to pullback
To retest the falling support
Sell!

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