$ 40.50 resistance is the key for USOIL.
Updated
Price rejecting from $ 40.50 continuously and at the same time price is making higher low which shows the bullishness in this script. Required pressure is building up by squeezing the price and also it is reaching the breaking point.
If breaks 40.50 then 41.50 should be the target and the ultimate target for this break should be $ 42.
If breaks 40.50 then 41.50 should be the target and the ultimate target for this break should be $ 42.
Note
Unable to break our resistance and price went down breaking the trend line $ 39 will act as support if breaks $38 will act as strong support.
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.