USOIL Bullish Forecast

Price is in a healthy uptrend and has broken a monthly trendline, which if it isn't a false break we might see price push higher. The last swing high that was taken out could offer support in addition to the 61.8 fib. The corrective structure is yet to complete. I anticipate a new low in the small corrective structure before looking for potential buy opportunities.
Chart PatternsTrend AnalysisWave Analysis

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