USOIL is trading under descending trendline. The price was reacting well the support and resistance of trendline.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 74.50 followed by 77.
What you guys think of this idea?
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 74.50 followed by 77.
What you guys think of this idea?