Shingi_Lesetedi

USOIL Bullish Forecast

Long
TVC:USOIL   CFDs on WTI Crude Oil
Price is in a healthy uptrend and has broken a monthly trendline, which if it isn't a false break we might see price push higher. The last swing high that was taken out could offer support in addition to the 61.8 fib. The corrective structure is yet to complete. I anticipate a new low in the small corrective structure before looking for potential buy opportunities.

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.