USOil rallied following yesterday's agreement within the OPEC to freeze the Oil Production.
The commodity has formed a corrective channel, and I'm looking to buy at the bottom of it, in conjunction with the 20EMA, and the $41 level.
Target is around 4R, and therefore a continued Mid-term Bullish Bias
The commodity has formed a corrective channel, and I'm looking to buy at the bottom of it, in conjunction with the 20EMA, and the $41 level.
Target is around 4R, and therefore a continued Mid-term Bullish Bias
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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.