USOIL - Primary Sign of Reversal? Potential Selling Opportunity?
HI Traders, in yesterday's Oil market analysis, I talked about potential sell around 119.8 as price has rejected the 123 highs multiple times with a Probe scenario.
As we've seen the first batch of sellers stepping in, could we see further downside potential? Possible.
117 - 118 could be a good area to look for selling opportunities.
However, if at any point price finds strength pushing back to 123 highs, then we'll have to re-assess the condition again.
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Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
As we've seen the first batch of sellers stepping in, could we see further downside potential? Possible.
117 - 118 could be a good area to look for selling opportunities.
However, if at any point price finds strength pushing back to 123 highs, then we'll have to re-assess the condition again.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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