From a technical perspective, USOIL is forming a bullish continuation pattern and currently trading near its support line giving us a good opportunity to buy. If current levels holds, I am expecting a bullish move targeting 93.5 being the start of the falling wedge mentioned at the 1h chart. For the longer term, we may see USOIL near 97$ being the start of the previous falling wedge.
First target: 89.5$
Second target: 93.5$
Long term target: 97$
Invalidation: 83.5$
Goodluck!
First target: 89.5$
Second target: 93.5$
Long term target: 97$
Invalidation: 83.5$
Goodluck!