We believe that USOIL will be moving bearish for the following reasons:

We note the amazing bullish channel the market has been making respecting the resisting trendline and therefore we believe a repeat of previous actions will happen again.
There is also the RSI telling us that market is way over bought signalling bearish movement.
The fib extension of 1.128% has been hit perfectly as market came to a close on Monday.

FUNDAMENTALS
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Technical IndicatorsTrend AnalysisCrude Oil WTI

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