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Usoilprediction

UOSOIL | Neutral for the moment, buy if price make a breakout - USOIL attempted a breakout at 28-29 area testing the short term resistance. - Until the maket closed, there was a bullish movement considering the fact that the price action was consistenly above the 20 MA and the 50 MA. - RSI level at 73 seems to approach the overbought area. - Positive sign the fact that the price of USOIL is going along with the upper Bollinger band. Forecast: If the USOIL breakouts the short term Resistance then the next big test will be the Resistance after the USOIL Crash.
FX:USOIL
by Varonos