USoil approaching resistance. What's the plan?
Here to provide a very simple and clean chart for you guys today. I've made it nice and easy to understand. The purple line is long term major resistance. Anything above it is extremely bullish and you should expect it to run if we get a pullback and retest of that line as established support. Likely due to fundamentals rather than technical when it comes to oil. As long as price is below that line it will act as strong resistance. Long-term, we should see the price come nicely back into our accumulation, or, buy zone. this large green box should be solid accumulation, and it would be in your favor to ladder buys within that region. under that box we do have a clear bottom, but, we'll cross that bridge when we get there ;)
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