As we heard 2 days ago, president Donald Trump announced about new sanctions on Iran, that cause the USOIL
price to jump away and creates new fresh demand, we can see this New demand in the 1Hour chart, that demand below seems like a great continuation level and I’ll buy there if the price retrace the demand, on the 1D chart we can see that the USOIL
Price is bullish
and probably will stay bullish
until reaching the supply above, that supply will be the target for the buy position and also it’s a great level for sell position for the long Terms.