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USOIL: Demand in short term. Upside bias.
Crude Oil has formed inverted head and shoulders a breakout can be expected above $49.5
Descending Channel on USOIL and the price will move up, once the pattern get breakout.
Buy above - 49.20
Target 1 - 51.50
Target 2 - 53.85
Stop loss - 47.10
Cup pattern formation on USOIL and it leads to break upside.
Buy Zone - 46.15 to 46.30
Target Zone - 46.95 to 47.10
Stop Loss Zone - 45.79 to 45.60