On the weekly timeframe, USOIL (WTI) is currently estimated to be in the early stages of wave Y of wave (B). This suggests that USOIL still has the potential to strengthen further, targeting the 72.66–79.14 area.
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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.