USOIL has hit a horizontal Resistance of $88.5 and failed to break it. Despite being bullish biased mid-term, a local bearish correction is expected1.
There’s a buying opportunity around $84.500 zone as USOIL was trading in a downtrend and successfully managed to break it out1.
Crude Oil has hit $93 a barrel. The resistance at $93 is being analyzed to see if there’s more room to grow1.
There’s a buying opportunity around $84.500 zone as USOIL was trading in a downtrend and successfully managed to break it out1.
Crude Oil has hit $93 a barrel. The resistance at $93 is being analyzed to see if there’s more room to grow1.