Today we have one for the swing traders on a Daily chart with USOIL reviewing my analysis posted around 5 months ago with a bullish 5-0 pattern. I'm still sticking to my guns by saying the long term picture for Crude Oil is bearish!
Straight away you can see price is slowly approaching our 200 EMA which is a decisive point in the market, I expect a spike up creating a new lower high followed by a sharp move to the downside reaching the $35 mark in months to come. In the near future I will be going into the shorter time-frames for additional analysis.
Do you want more trading inspiration? Connect with me below :)
Instagram: www.instagram.com/lewglasgow/
Facebook: www.facebook.com/lewglasgow
Straight away you can see price is slowly approaching our 200 EMA which is a decisive point in the market, I expect a spike up creating a new lower high followed by a sharp move to the downside reaching the $35 mark in months to come. In the near future I will be going into the shorter time-frames for additional analysis.
Do you want more trading inspiration? Connect with me below :)
Instagram: www.instagram.com/lewglasgow/
Facebook: www.facebook.com/lewglasgow
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
