USOIL has broken through its descending trendline on the daily timeframe and is now poised for a retest at a critical support level. From a technical standpoint, the setup looks bullish, suggesting a potential upside. On the fundamental side, any escalation in the Middle East could trigger a significant bull run, adding fuel to the rally. As always, effective risk management is key in navigating these volatile markets.
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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.