USOIL respects uptrendline
Strong bullish wave (a) ended at level 41.50
then corrective bearish wave (b) is rejected from 61.8% Fibonacci level at 38.58
MACD shows bullish momentum
RSI broke downtrendline
It's expected for coming bullish wave (c) to target first resistance level at 41.50
then finally target HVN at level 42.62
Strong bullish wave (a) ended at level 41.50
then corrective bearish wave (b) is rejected from 61.8% Fibonacci level at 38.58
MACD shows bullish momentum
RSI broke downtrendline
It's expected for coming bullish wave (c) to target first resistance level at 41.50
then finally target HVN at level 42.62
Note
running +70 pips
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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.