I labeled out the bold resistance line so it's obvious. The resistance line is playing a significant effect on the USOIL price and looks like it will fall.
And also when you consider the geopolitical situation, higher tax rate + possible higher interest rate + less monetary spending, I will not be surprised at all to see USOIL plunges once more just like in 2020.
And also when you consider the geopolitical situation, higher tax rate + possible higher interest rate + less monetary spending, I will not be surprised at all to see USOIL plunges once more just like in 2020.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.