USOil has hit an important horizontal support area and the lower line of its descending broadening wedge. I would expect a bounce from here to target the top line of the pattern.
Note
Oil has now bounced from support area. Bulls can target a return to $50.Trade closed: target reached
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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.