CosmicFX

USOIL - BEARISH Potential Move

Short
TVC:USOIL   WTI Rohöl CFD's
Hello Everyone !

Below we have USOIL pair on a SHORT Possibility, Price has been showing weakness at a very important Resistance Level. As for our Opinion it wouldn't be surprising if we see Oil retesting the previous Lows of around 10$ ,0$ or even the Negative side. Trading this Pair for the Moment seems to be pretty risky as for its high Volatility. It is too early to say if its a SHORT or no, lets wait and see if the Price will fail to create Higher High, and create a Lower High instead for Confirmations.

Extra Note : Price is at the 78.6 Fib. Retracement & started to show weakness.

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