It's interesting to see USOIL getting ready to run previous lower highs and higher high liquidity after accumulating off a strong level of re-accumulation. (In my opinion)
The accumulation got validated when $84 level was invalidated on 10th Aug. 2023 and more confirmation when $94 was broken on 28th Sept. 2023.
USOIL pulled back to $68 and as at the time of this idea, is currently at $81.
In my opinion, $94 could be the next target and then $108.
$130 is also very possible.
Would you buy?
https://www.tradingview.com/x/2ThntHKu/
The accumulation got validated when $84 level was invalidated on 10th Aug. 2023 and more confirmation when $94 was broken on 28th Sept. 2023.
USOIL pulled back to $68 and as at the time of this idea, is currently at $81.
In my opinion, $94 could be the next target and then $108.
$130 is also very possible.
Would you buy?
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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.
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.