So TVC:USOIL continued its fall previous week too. For the upcoming week, my bets are on the upside, these are the keypoints of observation leading to this. 1. Since last 7 weeks, Crudeoil is stuck in a box range, and also the contracting triangle pattern is in the verge or breaking out / breaking down, so we can expect big moves that would possibly take...
After breaking past the recent consolidation phase, USOIL printed a higher low towards day close, expecting USOIL to break yesterday's high of 70.4$ today. First Target : OB near 71$ Second Target : 71.5$ and break of these 2 targets would accelerate the price towards 72.8$ levels. Happy Trading! NB: Not a financial advise, only for educational purpose only.