USOIL consolidated within 67.00 - 69.00 while sustaining the trend.
The bearish EMAs indicate the potential downtrend extension.
If USOIL breaks above 69.00, coinciding with EMA21 and the 38.2% Fibonacci Retracement, the price could rise to 72.00.
Conversely, a break below 67.00 could prompt a decline toward the channel's lower bound and its support near 65.00.
The bearish EMAs indicate the potential downtrend extension.
If USOIL breaks above 69.00, coinciding with EMA21 and the 38.2% Fibonacci Retracement, the price could rise to 72.00.
Conversely, a break below 67.00 could prompt a decline toward the channel's lower bound and its support near 65.00.
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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.