Bullish on USOIL! Who’s Joining the Ride?Technical Analysis:
Support and Resistance Levels: USOIL is currently trading near $71.50. Immediate support is identified at $68-66, with resistance around $72.75.
Momentum Indicators: The Relative Strength Index (RSI) is neutral at 51.2, indicating balanced momentum. The Moving Average Convergence Divergence (MACD) shows a bearish crossover on the 4-hour chart, suggesting potential downward movement.