Some commodities are surging...how about 
USOIL ? as war narrative usually bullish for this asset.
Looking at the weekly chart, looks like it still bouncing around the triangle it made since 2022 with now close to support. There's a breakout on MACD but negated again, back to where we are now. Long term bullish play need to see a breakout above the triangle diagonal line.
When that happens, massive target are ahead. Till then, I'll say neutral for this one.
USOIL ? as war narrative usually bullish for this asset.Looking at the weekly chart, looks like it still bouncing around the triangle it made since 2022 with now close to support. There's a breakout on MACD but negated again, back to where we are now. Long term bullish play need to see a breakout above the triangle diagonal line.
When that happens, massive target are ahead. Till then, I'll say neutral for this one.
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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.