TVC:USOIL   CFDs on WTI Crude Oil
USOIL

We had a downward trendline that was broken on the 2-hour time frame. Right underneath it we have a microstructural level that needs to be retested. If price reaches this level and fails to break below, price could continue to uptrend and retest the double top at the highs of the 2-hour.

It is also possible for the uptrend to continue from here without the retest.

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.