USOIL has perfectly hit our predicted target of $86, getting a reaction at the level, and later on breaking up to reach a High of $129. It has closed is monthly candle on a strong resistance from April 2011. Will USOIL find the strength to break that resistance in a few months? I am predicting that it will break this resistance and finally reach $140.
What about the monthly rsi being overbought, and the possible double top?
dresipent
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@DannyFoss, ... thats a good question 👍🏻😎 ...would be a very dangerous buy. Good luck!
ITS-BENG
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@DannyFoss, prices can be overbought for months before any reversal happens, and the fundamentals I am seeing still appoints to higher prices than it is now, unless something drastically happens. But the Risk to reward now is not good for new buyers, as I have been buying since 2020 and my last buy was at $61.53.