USOIL SHORT TRADE SETUP

USOIL SHORT TRADE SETUP

14 May 2020, 07:15
Lalit Matta
0
62
Technical Analysis- The 4 hour is down against 1/08/2020 peak (63.87). 1 hour is turning down. However, while near-term dips remain above 6.59 low expect  to extend higher to correct the cycle from 1/08/2020 peak in 3, 7 or 11 swings before downside resume. We prefer selling the bounces in 3, 7 or 11 swings at the extreme areas. 

Sell  

@26.10-40 

TP: 25.00 
Tp2: 23.00 

SL: 27.00 

Good luck !
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