USOIL BIG Trend Reversal in the Works
Updated
Last week saw USOIL break out of the 2 year descending trend line. There is one more hurdle at 55.20 before POTENTIAL upside price acceleration. If 55.20 breaks, I would wait for price to correct lower to 52.50 for a BIG long opportunity
Note
55.20 broke. Let's see if price can gravitate toward support for a better long entry.
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.