Based on a mechanical top-down structural analysis from higher to lower timeframes, there's a strong probability (58.55%) of a bullish continuation in USOIL this week.
This analysis, combined with hourly timeframe probabilities, suggests a favorable outlook for price movement.
Follow me with the detailed top-down analyses linked below to see the key factors contributing to this bullish projection on USOIL
12M:
6M:
3M:
1M:
2W:
1H:
2H - Entry:
Take a look at these analyses to see the details behind this trade idea.
If you have any questions or want to discuss further, feel free to ask.
Let's make this a great trading week!
Note
Price didn't active the initial buy-stop order, came back deeper into the zone and tapped into Equil.
Valid for longs looking for BE/TP1 at 75.959
Note
TP1 hit will manage the rest of the position along price delivery to $130
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