USOIL made a good rally up after making a 1,5 year low of 42.35. How ever I expect a small drop to around the Uptrend line. If the Uptrend line won't be broken we could see another pump to the Resistance level of ~54,20.
To be updated
To be updated
Note
Small pullback could be starting to play out from this level. Support zone is ~50-50,20
Note
There is the pullback, first Resistance of 52,20 target.
Note
We're in a bullish wedge atm with expectations to move up higher after a breakout of the wedge.
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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.