USOIL Mid-Term Analysis

After selling off from 67 usd level, oil is trying to recover losses but buyers seems to be correcting only. It is possible that there may be another bearish rally violating the first one. D point of the bat pattern is approximately same with the 618 level of the bearish move. We'll be trying to sell from this level for another lower low.

Trade geschlossen: Ziel wurde erreicht:

Straight forward trade, reached target