Considering the current countries in conflict - 
USOIL is in the middle of it. This will lead in a high demand but low supply of the commodity resulting in a soaring bullish move, fundamentally. Technically, the commodity has created a LL in the current year, tapping lows last touched since 2021 and has further recovered from last years close of 71.899.
USOIL reaching highs of $110.00 is therefore likely.
***The best way to take advantage of this commodity or any other is to cherry pick stocks that are sensitive to it e.g.
SOL is sensitive to USOIL .***
USOIL is in the middle of it. This will lead in a high demand but low supply of the commodity resulting in a soaring bullish move, fundamentally. Technically, the commodity has created a LL in the current year, tapping lows last touched since 2021 and has further recovered from last years close of 71.899.USOIL reaching highs of $110.00 is therefore likely.***The best way to take advantage of this commodity or any other is to cherry pick stocks that are sensitive to it e.g.
SOL is sensitive to USOIL .***
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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.