Technically, the $71-$74 range appears to be a reasonable short-term consolidation zone, provided no significant escalation in Iran tensions occurs. However, given the high likelihood of worsening tensions, USOIL may retest $80 and potentially even surpass $80 and can touch 86$, driven by geopolitical developments.
USOIL
entered 70$. SL 68.3$
partially booking 80
Holding rest till 85$ with Trailing SL
USOIL entered 70$. SL 68.3$
partially booking 80
Holding rest till 85$ with Trailing SL
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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.