USOIL has been on a historic roller-coaster in the last couple of years. Given it was in negative territory during the beginning of the pandemic stages it's safe to say it's had a historic jump breaking 8 year highs.
Currently speaking , we are in a clear uptrend on the monthly and daily. Over the last week price could be said to be in a range as we are nearing strong resistance territory. Break of top range should allow us for a short-term setup to the upward target.
Break of the daily key level will allow for short opportunities.