On the 4-hour chart, USOIL formed a head and shoulders bottom pattern. Currently, we can pay attention to the support near 61.5. If it falls back and stabilizes, we can consider buying. Pay attention to the resistance in the 65.7-66.8 area above.
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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.