USOIL is yet to give a clear direction
patient is needed at this state of market direction
we have trendline from the above high, to the downward high connote a third touch of the trendline
Usoil is stuck within minor level
if we breakout below the minor level, usoil will drop to $66+per barrel (orange level)
provided that Usoil find it way to breakout above the minor level (orange level), Usoil could rally to $90 per barrel
waiting, price should will tell where it wanna go
patient is needed at this state of market direction
we have trendline from the above high, to the downward high connote a third touch of the trendline
Usoil is stuck within minor level
if we breakout below the minor level, usoil will drop to $66+per barrel (orange level)
provided that Usoil find it way to breakout above the minor level (orange level), Usoil could rally to $90 per barrel
waiting, price should will tell where it wanna go
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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.