potential breakout on USOIL

18 Ağu 2022

I mentioned yesterday there was daily bull divergence and now we are starting to get over the channel trendline. We've gotten over it before only to be sold off rather quickly, so I'm just putting a caution out there. Bulls want to see 88.50 hold if there is any sell off. Over 93 and holding would be very bullish and probably would rally to about 104 minimum quickly. Nothing is clear yet.

18 Ağu 2022

Not

closeup view.

18 Ağu 2022

Not

oil is struggling with that 91 area. It's possible it won't go much further than here, but it's hard to tell at this point.