USOIL breaks the resistance that previously has a pull-back from (i.e., $83.71). If it holds above the resistance line today, it may gain $85 by noon tomorrow.
The USOIL goes up and establishes its position, then relax for a little bit. Then it hikes to a new top, e.g. $87.5 or even higher $90 and a loose couple of dollars after.
This way, we may see $90 by the end of Oct and $100 by the end of the year. On average, each month, $5 growth.
The analysis is valid if OPEC+ does not increase their production.
The USOIL goes up and establishes its position, then relax for a little bit. Then it hikes to a new top, e.g. $87.5 or even higher $90 and a loose couple of dollars after.
This way, we may see $90 by the end of Oct and $100 by the end of the year. On average, each month, $5 growth.
The analysis is valid if OPEC+ does not increase their production.