USOIL Will Go Higher! Long!

Take a look at our analysis for USOIL.

Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The price is testing a key support 84.08.

Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 85.12 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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Comment:

reat beginning for a trade, let’s hope it goes further!