Usoill
USOIL approaching resistance, potetial drop! SOIL is approaching our first resistance at 59.96 where we might see a corresponding drop to our first support at 51.08.
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
USOIL - Daily Key Elements Key levels to look out for, please refer to our 4 hour chart for a strategic view!
USOIL Approaching Support, Potential Bounce! USDOIL is approaching our first support at 39.86 (horizontal swing low support, 100% fibonacci extension, 76.4% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 49.62 (horizontal pullback resistance, 23.6% fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
