USOIL - Selling pressure maybe occur
USOIL has created an uptrend parallel channel in this week. It has touched the upper trendline and is being slight corrected at the moment. On the other hand, the selling pressure above $70 maybe occur today. In my opinion, USOIL can move down to the area around $68, corresponding to the lower trendline.
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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.