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!! This chart analysis is for reference purposes only !!
USOIL appears to be on a pathway to retest its support zone for the third time. If this zone is breached, we expect USOIL to head into the $80-$90 range.
$114 and $94 are the potential targets. It could honestly go either way, but with the buffer that the Biden Administration used to bring oil prices down fading, we wouldn't be surprised if it jumps up from here.
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