USOIL medium term long
Updated
USOILshould retrace to mid 40's as it is currently overbought but later on in the month move and break $50 wwith ease as it regains momentum. If you already hold at a good entry (mid 40's) I suggest you do not panic as the divergence of the MACD has not narrowed thus signaling further room for upside movement.
Trade active
The retracement was not as rapid as I expected, but it is coming. My sentiment is still bullish on oil.
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.