pptw

Prepare for USOIL breakout to 100 USD

Long
TVC:USOIL   CFDs on WTI Crude Oil
Market wasn't able to push USOIL down to the bottom of the channel for two times in a row. virtual 'higher lows' - the lows weren't as low as they should have been.

Massive buying interest in the 86-90 USD zone.

Buyers are here.

Ready for breakout out of the falling channel. Shorts will need to get covered.

100 USD in sight.

If I'm wrong, 82-83 USD should hold due to massive support on rising trend line of recent lows.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.