TradingView
RizeSenpai
Oct 6, 2023 12:59 PM

WTICO: Potential Bullish 5-0 Looking to Take USOIL Up to $105.30 Long

Crude Oil FuturesNYMEX

Description

USOIL has recently retraced to the 0.382 from the PCZ of a Bearish Shark, but now it's looking to try and hold the 200 SMA and the 38.2-0.50% zone with Hidden Bullish PPO Divergence and an impending PPO Bullish Confirmation. If it does hold here, it could confirm a Potential Bullish 5-0 and if this 5-0 plays out, I think it could take USOIL above $100 and likely up to $105.30, as that would be the 61.8% retrace from high to low.
More