As we can see USOIL has been trading in a range for about a week now. we can expect a huge move either way soon but do not rule out the possibility of a continuation of this pattern.
With API report coming out soon we might see a huge spike if it is less than anticipated. keep SL tight in the case that it is dissapointing and shoots down.
Targets > 27.5 > 28 > 28.8
Take care trading in this market as right now probabilities are 50/50 i would say.
With API report coming out soon we might see a huge spike if it is less than anticipated. keep SL tight in the case that it is dissapointing and shoots down.
Targets > 27.5 > 28 > 28.8
Take care trading in this market as right now probabilities are 50/50 i would say.
Note
We should not see this below $20... then this is bad news for USOIL
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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.