Hello Traders! USOIL Moved very close to hit the 32.30 Target but it turned back to 37.xx
USOIL gave a very nice move to the downside but it turned back from 33.65, I am expecting This downtrend not to end below or above 32.30. If I am making an error then it can end between 32.10 to 32.50. But after checking multiple times the Answer is the same and it is 32.33.
If we see the current situation It will give drop from 37.80 but if any case it kept pushing it upward then it will form some kind of reversal pattern like head and shoulder pattern or reversal J pattern or it will form a strong reversal candle like inverted Hammer or doji or morning/evening star above 37.80 resistance.
Also, be ready for the next trade from 32.30 USOIL has already given the next target.
Good Luck Traders.
USOIL gave a very nice move to the downside but it turned back from 33.65, I am expecting This downtrend not to end below or above 32.30. If I am making an error then it can end between 32.10 to 32.50. But after checking multiple times the Answer is the same and it is 32.33.
If we see the current situation It will give drop from 37.80 but if any case it kept pushing it upward then it will form some kind of reversal pattern like head and shoulder pattern or reversal J pattern or it will form a strong reversal candle like inverted Hammer or doji or morning/evening star above 37.80 resistance.
Also, be ready for the next trade from 32.30 USOIL has already given the next target.
Good Luck Traders.