USOil has tested a very strong trendline on Daily tf. It has been playing in a wedge lately and the past weeks of downward trend may reverse, causing it to go up. Fundamentally inventories rose a bigger build than anticipated. Therefore a reversal in trend could be oberserved.
Trade closed: target reached
600points ride from entry
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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.