After analyzing 
USOIL I have mapped out some possible outcomes in the coming weeks.
One outcome is a breakout above the daily resistance. A close above the $55.20 level would confirm the breakout and my target would be at the $58 level.
Another outcome would be a breakdown and backtest of the support level at $52, a close below $54 would lead to further downside and send us to our target level.
I can see both scenarios playing out, however I lean more towards us falling back to the support level of $52 before continuing higher.
USOIL I have mapped out some possible outcomes in the coming weeks.One outcome is a breakout above the daily resistance. A close above the $55.20 level would confirm the breakout and my target would be at the $58 level.
Another outcome would be a breakdown and backtest of the support level at $52, a close below $54 would lead to further downside and send us to our target level.
I can see both scenarios playing out, however I lean more towards us falling back to the support level of $52 before continuing higher.
Penafian
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.
Penafian
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.