USOIL 10/9/24💡
Outlook: USOIL has made big correction on our 5hr time frame inside this Daily range. To me this is a re-accumulation since we have take out a swing low on the 5hr time frame. But price has shown bullishness and protected lows behind price. I would like to see price impulse above EMAs and show conviction for me to be interested in longs.
Bias: Neutral. sidelined until we start showing conviction on our 5hr time frames above the EMAS.