USOIL WHAT NEXT ??

5 янв. 2022 г.

I still believe that usoil will be bullish due to the following reasons: (stop loss adjusted)

after markets have bushed price over 77.50 price had began making an impulse move to the downside with lower-highs and lower-lows keeping within the bearish channel.
this has created a bullish flag pattern indicating bullish movement is soon to come.
we also note that price has come to a support zone of 76.90 - 76.76
the RSI is still above 50% telling us we are still bullish
HOWEVER price may continue to follow this channel for a few more hours IF bearish movement continues.
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