Two probable scenarios for USOIL here
USOIL could see a pullback from the first specified resistance area considering price remains above it on the 1 hour chart. However, breaking that area and closing beneath it could see a strong downwards movement to the second specified resistance area where I believe it will be a strong buy.
Happy trading ladies and gents
Happy trading ladies and gents
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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.