USOIL broke the descending channel already!

TVC:USOIL   CFDs on WTI Crude Oil
In the previously published idea, I shared that USOIL made a nosedive and attempting to recover from this loss and it made a double bottom on the daily chart .

This week the asset has broken the downward channel as displayed in the attached chart. and it's riding the upward trend line .

USOIL has also broken the recent strong resistance at $52.12 after testing it several times.

It's likely to test this support again before continuing the bullish rally.

Watch out for the $52.65 - $52.70 price range to be broken!



Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out