USOIL (Crude) - Major Short Coming Soon? - Analysis and Forecast

Traders,

USOIL has been going ballistic since 40s USD. I suggested that it could rise to USD 50 and then to USD 72 level or so. It is about to reach USD 70 which can create massive volatility and trading opportunities. However it does feel like that this market is extremely over extended so my bias is shifting towards bear gradually. USD 70 may or may not be a good level to short but it may be the beginning of upcoming short opportunities.

So what sort of expectations can we have from USOIL (Crude / WTI)? Is Major Short Coming Soon? Lets find out in this Analysis and Forecast.


Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

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Take care and trade well
-Vik

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📌 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.
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