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Aug 23, 2022 7:21 AM

Prepare for USOIL breakout to 100 USD Long

WTI CRUDE OILTVC

Description

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.

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