I was not expecting price to rebound on the Higher Low of the H-5 Channel but currently facing the 57.30 – 57.65 Resistance Zone. I will be trading what I see and not what is think, we all know dollar is so weak and usoil should be falling but for some reason the commodity is appreciating, The positive news is that the price is trading above both the H-5 MA50/200. I am still expecting a Higher High at 66.50 region, considering the fact that it’s about 900 pips high I will love everyone to ride this but using proper risk management, its a swing trade and might last for weeks, be ready for bagging, usoil has blessed us and will continue to, grateful you all, happy blissful month ahead.


2 thoughts on “USoil PRICE REBOUND HIGHER.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s