This is our “Every-Monday” report on USOIL with a full vision over 3 timeframes.
4H CHART EXPLANATION:
- Price is on a confluence level (Pullback to TL + Resistance Zone). - Bearish Divergence on MACD. - if price breaks the ascending channel (63.60), it has potential to move down towards the support zone (62.2) - We will be looking for sell setups on lower timeframes.