[OIL] Long term view

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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.

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