Oil Breakout Long Entry
USOil has broken a significant resistance level.
A small retest of the previous resistance to verify strong support, should see this push higher to the next resistance zone. 61 area. At this area I see a pull back and another retest of resistance.
The resistance should fail and head back to and possible through support.
A small retest of the previous resistance to verify strong support, should see this push higher to the next resistance zone. 61 area. At this area I see a pull back and another retest of resistance.
The resistance should fail and head back to and possible through support.
Note
Caution Note.... if this settles under 59 this setup is void. It must use the 59 area as new support until hitting 60.89. The reverse is true if it uses 59 as resistance. As always never fall in love with one direction. Plan for the best, change when your trade plan tells you too. Good luck....
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.