USOIL has a bullish trend and price broke the daily resistance zone from November 2021, and could fix above it.
In the 1H chart, a little symmetrical triangle pattern and also a pennant pattern have been made by price.
Currently, the pattern is broken out to the upside by a strong large bullish candle closure above it.
We can expect more rise for USOIL to the next 4H major high at 81.780
In the 1H chart, a little symmetrical triangle pattern and also a pennant pattern have been made by price.
Currently, the pattern is broken out to the upside by a strong large bullish candle closure above it.
We can expect more rise for USOIL to the next 4H major high at 81.780
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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.
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.