USOIL: Downtrend with a Potential Pullback Before Bottoming Out
In my opinion, the price of USOIL is currently experiencing a clear downtrend that may come to an end soon. However, before reaching the bottom at the 65$ zone, a pullback to the 70$ zone is expected. It is important to note that the 60$ zone is a resistance level with significant monthly power.
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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.