USOIL 40.10 +0.79 IDEA

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Good Day Everyone

Here's an idea on USOIL that has been trading in an uptrend inside an ascending channel and saw a good day yesterday seems it could still climb higher to test resistance level 42.50 as the S&P500 future pointed higher after positive chinese manufacturing PMI data, but also looking at a scenario of bears coming into play and pushing oil down as we wait for the canadian GDP data and fundamentals on oil today.
will look for significant moves to the downside unless the channel holds....

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トレード稼働中
no clear direction as of yet, still ranging
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structure still holds still no clear direction trade canceled
breakoutChart Patternsfundamental-analysisTechnical IndicatorspulemokhothuTrend AnalysisCrude Oil WTIusoilshortwticrudewticrudeoil

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