The USOIL has dropped about 13% in price this month and currently close at $62.27 per barrel. If we take into consideration, the nature of price movement since April 2020, we can see that prices has been on a steady upward trajectory since April 2020. By the way , we’ve seen a 50% retracement so far.
From technical standpoint, i anticipate a rise in price back to 67.08 next week.
From technical standpoint, i anticipate a rise in price back to 67.08 next week.
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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.