USOIL: BEARISH TREND
Price has been rising but a gap has been identified. Expecting a reversal and sell opportunity. Price is due for a correction and sellers are expected to take control.
Key Levels:
- Entry: NOW (70.70)
- Stop Loss: (71.46)
- Take Profit: (68.00)
Linear Regression Channel:
- Upper band: Resistance
- Lower band: Support
- Median line: Trend indicator
My prediction: Sell opportunity arising from gap identification.
Price has been rising but a gap has been identified. Expecting a reversal and sell opportunity. Price is due for a correction and sellers are expected to take control.
Key Levels:
- Entry: NOW (70.70)
- Stop Loss: (71.46)
- Take Profit: (68.00)
Linear Regression Channel:
- Upper band: Resistance
- Lower band: Support
- Median line: Trend indicator
My prediction: Sell opportunity arising from gap identification.
Best wishes Tom 😎