The USOIL is forming the right Shoulder of an Head and Shoulder formation. This is a reversal sign and we expect the price to drop once the shoulder is completed.
Watch out for the breaking of trend line to enter a sell position.
There are 3 potential targets with the first one more conservative and the second and third more aggressive.
Watch out for the breaking of trend line to enter a sell position.
There are 3 potential targets with the first one more conservative and the second and third more aggressive.