USOIL trend reversal??
Hello traders and welcome on my analysis:)
Everybody is speaking about usoil and predicting new ath and so on,...
So, it's is possible, but check the situation.
This is weekly chart, with marked ath on 146USD. If you check the past, you will wee big crash down from this level.
On RSI we don't have bearish divergence now, but is already overbought. The value 85 and more is really big number.
My trading plan? I will wait for daily divergence and then entry to the short. It's risky short so I will use only small capital.
Target for shorts is around 100-80USD
Everybody is speaking about usoil and predicting new ath and so on,...
So, it's is possible, but check the situation.
This is weekly chart, with marked ath on 146USD. If you check the past, you will wee big crash down from this level.
On RSI we don't have bearish divergence now, but is already overbought. The value 85 and more is really big number.
My trading plan? I will wait for daily divergence and then entry to the short. It's risky short so I will use only small capital.
Target for shorts is around 100-80USD