signal line is being crossed on both the daily and hourly chart also.
of selling is decreasing, as shown by the red line.
USOIL is in a consolidation, as shown by the two blue lines.
shows a representation of where price can go if a breakout from consolidation occurs.
Although USOIL seems to be due for a slight breakout from its oversold condition, I am still overall as the underlying fundamentals remain negative.