USOIL POTENTIAL BEARISH BAT PATTERN SELL OPPORTUNITY
USOIL CHART MAY FORM BEARISH BAT FORMATION ON H-1 CHART. BEARISH BAT PATTERN COMPLETES AT THE TOP OF THE RANGE AT USD 41.09 WHICH GIVES BEST RISK REWARD SELL OPPORTUNITY.
SELL ENTRY- 41.09 TO 41.50
STOP LOSS- 42.20
TARGET-1: 39.55
TARGET-2: 38.60
TRADERS CAN HOLD THEIR SECOND POSITION FOR EXTENDED TARGETS UP TO RE-TEST OF RECENT STRUCTURE LOW OF USD 37.06
SELL ENTRY- 41.09 TO 41.50
STOP LOSS- 42.20
TARGET-1: 39.55
TARGET-2: 38.60
TRADERS CAN HOLD THEIR SECOND POSITION FOR EXTENDED TARGETS UP TO RE-TEST OF RECENT STRUCTURE LOW OF USD 37.06