USOIL
has retraced back to a previous channel which is now acting as resistance. The bold line is my initial opinion, where the fact that
USOIL
recently broke a major trend line (blue line) and the channel resistance will send the stock down to $62.50 before we get any real support. If oil does break through the channel resistance it could retrace back to the blue trend line before heading lower.
Kommentar:
After retracing back up looks like we have a continuation of the downtrend...
Kommentar:
That is if oil closes down big today
