USOIL setup for a nice fall in the coming weeks.
Updated
USOIL appears to be setup for a big drop in the coming weeks / months. We could very well see 12-month lows or more if price can break through next 2 near-term supports.
Note
First support hit this afternoon, but I don't think bleeding will stop here.
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.