Oil Breakout Long Entry
USOil has broken a significant resistance level.
A small retest of the previous resistance to verify strong support, should see this push higher to the next resistance zone. 61 area. At this area I see a pull back and another retest of resistance.
The resistance should fail and head back to and possible through support.
A small retest of the previous resistance to verify strong support, should see this push higher to the next resistance zone. 61 area. At this area I see a pull back and another retest of resistance.
The resistance should fail and head back to and possible through support.
Note
Caution Note.... if this settles under 59 this setup is void. It must use the 59 area as new support until hitting 60.89. The reverse is true if it uses 59 as resistance. As always never fall in love with one direction. Plan for the best, change when your trade plan tells you too. Good luck....
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.
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.