ProjectSyndicate

USOIL 4hour BEST level to BUY 30% gains(NEW)

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TVC:USOIL   WTI 原油差价合约
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USOIL 4hour BEST level to BUY 30% gains(NEW)
IMPORTANT: this is a speculative setup, performance
is not guaranteed, so please use a tight stop loss.
and always do your own due dill. thank you.
TAGGED AS SHORT, because I expect more
short-term losses before reversal.

USOIL 4hour chart review.

Hey guys, so let's review the USOIL 4hour chart
real quick, we got a breakdown of hey S/R level
at 20.00, currently trading at 18.45.
It's possible that short-term bottom will be
set later next week near 15/16.00, why?

Because it's possible that we are nearing the
Covid-19 peak of the outbreak globally and
within few weeks countries will start opening
up the economies, so consumption should be back
ON, this in turn should produce a cycle low
in oil prices.

Anyway, I don't recommend buying near 15.00,
wait for H4 candle close above key S/R @ 20.00
and ONLY THEN load up on BUY side TP is 28.00
+30/35% gains.

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