USOIL - Crude Oil Markets Recover, But Will It Last?
Oil prices rallied the last few days.
The uptrend line has held and so has the 50 day EMA and the MACD. I see a good support around 60.6 and resistant around 65.
At this point, I see oil prices breaking the resistant.
Any pullback should be a good opportunity to buy as soon it doesn't break the support.
The uptrend line has held and so has the 50 day EMA and the MACD. I see a good support around 60.6 and resistant around 65.
At this point, I see oil prices breaking the resistant.
Any pullback should be a good opportunity to buy as soon it doesn't break the support.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.