Hello,
USOIL is currently at a major support level that has held for the past 2 months. There are two possible scenarios: either the support holds and USOIL bounces back toward the resistance at $66, or the support breaks and the price moves down to the next level at $60,
Ibrouri Abdessamad
USOIL is currently at a major support level that has held for the past 2 months. There are two possible scenarios: either the support holds and USOIL bounces back toward the resistance at $66, or the support breaks and the price moves down to the next level at $60,
Ibrouri Abdessamad
Trade active
We notice a breakout of the support, so the USOIL is going to the 60$ level as explained in the idea
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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.