1D Resistance crossed. Long term bullish.

USOIL broke the 70.60 1D Resistance last week, peaking at 71.40, restoring the long term bullish bias (ADX = 37.039). 1D eventually pulled back (RSI = 47.481) after this continuous rise since August 15th and found support near 66.60. The buying pressure on those levels is evident by the upward supporting line (black). 4H is now picking up the bullish pace (STOCH = 58.828, ADX = 32.267, Ultimate = 60.024) and should test 69.30 by tomorrow and fill the 70.00 by the end of the week. We see no reason to alter our sentiment (bullish) and our TP = 71.88 and 72.86 extension.