USOIL has recovered from last week’s sell-off and is now attempting to hold above the $59.20–$59.40 zone. Price has reclaimed the short-term EMA, showing renewed bullish momentum after a period of consolidation.
To continue higher, buyers need a firm break above $59.60. Failure to hold the EMA could pull price back toward $58.80–$58.50 for a retest of demand.
To continue higher, buyers need a firm break above $59.60. Failure to hold the EMA could pull price back toward $58.80–$58.50 for a retest of demand.
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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.