After a sustained drop, USOIL is now favorable on technical analysis.
Note
Upward resistance tested twice at 41.0 and downward support at 45.5. Trade with caution on a dip. I took a tiny profit and am out for now. I have to go to work. USOIL may fall if the US markets fall.
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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.