True, this is a signal that goes against the current trend and therefore the risk is higher but the above support line $ 50.8 cannot be ignored. The RSI has reached the bottom possible, a necessary price correction. Stochastic shows that USOIL in Oversold. Target: $ 54 In case of break of the above support line the signal is canceled.
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.