*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
$USOIL appears to be on a pathway to retest its support zone for the third time. If this zone is breached, we expect $USOIL to head into the $80-$90 range.
This scenario is purely technical.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
$USOIL appears to be on a pathway to retest its support zone for the third time. If this zone is breached, we expect $USOIL to head into the $80-$90 range.
This scenario is purely technical.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Comment:
$114 and $94 are the potential targets. It could honestly go either way, but with the buffer that the Biden Administration used to bring oil prices down fading, we wouldn't be surprised if it jumps up from here.
