[OIL] Long term viewSome commodities are surging...how about TVC:USOIL ? as war narrative usually bullish for this asset.
Looking at the weekly chart, looks like it still bouncing around the triangle it made since 2022 with now close to support. There's a breakout on MACD but negated again, back to where we are now. Long term bullish play need to see a breakout above the triangle diagonal line.
When that happens, massive target are ahead. Till then, I'll say neutral for this one.