1209 USOIL looking for a breakout or ?

Hello traders,

USOIL on the weekly outlook is still strong bullish.

The only thing needs to be careful with is correction before new high.

So back on this 4H chart, USOIL is showing strong bullish signal right now with support above EMAS.
The green dash line is the position USOIL needs to breakout to make a new high, up to position 5. If price make fake breaking out here, we will see a correction first.

So better keep your account with control on such situation.

GOOD LUCK!!
LESS IS MORE!

Comment:

waiting for confirming signal to breakout.

Comment:

Breakout and wait for signal for follow.

Trade closed: target reached