#USOIL - Reaching Decision Point - Multi Time Frame Analysis

Traders, USOIL has been consolidating for quite some time and that's why we did not cover this in our analysis. It reached 61.8 fib level and 200 sma that we identified few weeks ago. But since then there has not been too much of movement from swing trading point of view. Now that it is reaching a point where it will have a make a decision, we are starting to look at it once again. Keep an eye on the DXY (dolar index) for the dollar strenght measure.
Sorry about the issue with last time frame analysis. I will try to cover that later in the week if the market starts to move.


If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.


Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________