There remains a potential for USOIL to strengthen on the weekly timeframe, where it is currently expected to be forming wave (b) of wave [iii] within a diagonal pattern. This suggests that the upside area to watch lies in the range of 64.92–70.96.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.