USOIL - Consolidation

Generally, the Direction: is a bearish trend

Downtrend Side: The price is trading below the resistance levels of 81.73 and 81.33. Provided it remains below these levels, it is likely to attempt to reach the support level of 80.76. Should it fall below this, it may further decline to 79.88.

Uptrend Side: reversing and reaching above 81.73, and it looks like will rise to touch the 82.55 level; any breaking above this level will result in a rise to 83.59.

Tendency Keys: 81.73
Chart PatternsHarmonic PatternsTrend Analysis

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