I'm watching 
USOIL for a strong push towards at least the $70.5 level, though this area presents significant resistance.
A confirmed break of the bearish trend could fuel strong buying momentum, but patience is key.
Ideally, I’d like to see a solid rejection off the $68.5 level as confirmation before a move higher.
If we get a decisive breakout above $70.5 with sustained bullish momentum, my next target would be the major resistance around $75.
USOIL for a strong push towards at least the $70.5 level, though this area presents significant resistance. A confirmed break of the bearish trend could fuel strong buying momentum, but patience is key.
Ideally, I’d like to see a solid rejection off the $68.5 level as confirmation before a move higher.
If we get a decisive breakout above $70.5 with sustained bullish momentum, my next target would be the major resistance around $75.
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.
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.