USOIL long
Updated
If I'm right (a big IF) USOIL may rally significantly in the coming weeks. Between 77-76 is the buy area. Under 76 and things could get ugly quickly, but the mid time frame rsi is telling me that is probably not going to happen. I'm looking for support in this area and a move up to 90 in the coming weeks.
Good luck!
Good luck!
Note
daily 50 and 100 ma's very close to the buy area as well. Note
stab through the wedge, not sure if that's the end Note
signs of life Note
weekly 18ma also here, should act as support - it was resistance on the way down. Note
Related publications
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.