Technical Analysis:
Support and Resistance Levels: USOIL is currently trading near $71.50. Immediate support is identified at $68-66, with resistance around $72.75.
Momentum Indicators: The Relative Strength Index (RSI) is neutral at 51.2, indicating balanced momentum. The Moving Average Convergence Divergence (MACD) shows a bearish crossover on the 4-hour chart, suggesting potential downward movement.
Support and Resistance Levels: USOIL is currently trading near $71.50. Immediate support is identified at $68-66, with resistance around $72.75.
Momentum Indicators: The Relative Strength Index (RSI) is neutral at 51.2, indicating balanced momentum. The Moving Average Convergence Divergence (MACD) shows a bearish crossover on the 4-hour chart, suggesting potential downward movement.
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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.