After few days of sleeping, USOIL yesterday made an attempt to break resistance. It reached a new height and returned below crucial point 41.64.
I believe 41.64 area is very important for USOIL. If it doesn't sustain above the area, it may correct few dollars.
I have 4 scenarios but mostly like the story about long. The world economies are not ready to continue the coronovirus story and everyone is tired of it. Businesses will die, constant stimulation will kill the American dollar.
I will look for entry points after a false breakdown of levels. In my opinion in a situation of partial uncertainty this is the only way...
Market Analysis : USOil formed Symmetrical triangle pattern on 4 hours time frame. Expecting it to be reverse and touch S3 support zone in upcoming days
