As the API report yesterday was worse than anticipated, a small drop followed. However we can expect huge movement this week leaning towards the EOW.
Once in the range, boolinger bands can be a decent indicator amid the swings within the range. But i would advise to take precaution as the channel has been holding for over a week now signifying a move is awaiting. under 24.6 we can expect downward action with targets 23.5 & 22 and 20. upwards we can target 28.8 > 30. lets see what this range brings us and remember to use stop loss!
Check for yourself if the risk is worth the reward youre looking for and good luck out there!
Comment/ like if you appreciate the post and let me know if you are interested in short/long term views in USOIL.
Once in the range, boolinger bands can be a decent indicator amid the swings within the range. But i would advise to take precaution as the channel has been holding for over a week now signifying a move is awaiting. under 24.6 we can expect downward action with targets 23.5 & 22 and 20. upwards we can target 28.8 > 30. lets see what this range brings us and remember to use stop loss!
Check for yourself if the risk is worth the reward youre looking for and good luck out there!
Comment/ like if you appreciate the post and let me know if you are interested in short/long term views in USOIL.
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