Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about USOIL. USOIL exactly Moved According Analysis. And now this is facing a strong support level. From this support we can see a small Retesting then it will again follow the main downtrend to our main target Price. Keep in touch we will update further soon.
Def completing its correction soon.... anywhere around here is a solid buy. Obviously lower targets however RvsR would be high
Its seems a new pushing wave on the way, please watch the descending trend line, it is the final point if not break that resistance the price may go down again...
Watch the price to retest the major resistance trend line (red) to enter Long positions.
The USOIL is getting close to a very strong support in the daily chart. Based on the history and the signals that show us the other indicators, we could try to find an entry point in the 4 hours chart when the price get close to the level of 44.08 to open a long position in this asset.
I correctly anticipate this sell off last month and that post is attached in the related ideas section. This play is simply a continuation of the initial sell off which is pretty straight forward. The expected target is 43.10 which is just below the low made early during the year
Go long and enjoy this pull back rally $$$$$$$