USOIL can give bullish breakout, because it is forming bullish wedge pattern, and because of this we can expect same from CRUDEOIL too, on Tuesday. But we can not predict market, so we have to keep analyzing, it can also give bearish breakdown.
It's just my personal view, not a call.
USOIL is at very crucial area, from here it can either go up by breaking the major resistance or come down by respecting it, just keep analyzing.
It's just a personal view, not a call.
USOIL has broken the higher time frame trendline, so we can expect a simple bullish move in USOIL and Crude Oil, as it is facing some resistance in smaller time frame resistance (shown above), it can break that level too.
It's just a personal view, not a call.