USOIL is in uptrend channel, inevitable retracement is expected

As we can see USoil is going up in the red uptrend channel, the green zone is very strong resistance and it is also on top of our channel we can expect USoil continue in this channel, the first retracement would be hitting the blue(safety line) line inside of our channel then if break that we can see that the oil comes down near to bottom of the channel then we can inter for buying the oil, the retracement form this price is inevitable

Comment:

perfectly reacted to the blue line (safety line) and didn't break it, we expect oil to continue in the uptrend channel