West Texas Intermediate oil continues to march higher. Yesterday it traded as high as 68.51 USD. RSI continues to rise since 20th August 2021. Although, yesterday it started to flatten little bit. MACD's averages crossed and point to the bullish direction now. However, we need to note that MACD is still in the bearish zone. Stochastic is bullish. We will observe price of USOIL in the following days for any weakness. Current level of the most importance is 65 USD and 70 USD. In our opinion if USOIL manages to hold above 65 USD pricetag then price will continue its rise. We are currently bullish.
Recent thoughts from 24th August 2021:
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Recent thoughts from 24th August 2021:
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.