Indices and commodities
Active
USOIL
Short
WTI Oil Resistance Test
Rationale
TradingView idea: USOIL H4 | Bearish Reversal At Pullback Resistance for FX:USOIL by FXCM
TradingView symbol: USOIL
Based on the H4 chart analysis, we could see the price rise to our sell entry level at 92.16, which is a pullback resistance.
Our stop loss is set at 96.73, which is a pullback resistance level.
Our take profit is set at 87.28, which is a pullback support that aligns with the 61.8% Fibonacci retracement.
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