USOIL has been taking support from a long-term rising trendline. The oil is also trading in short-term bullish parallel channel.
We are expecting a breakout above 115 for an upside target of 130.
Alternatively, horizontal support is present at 96. which should be used as a strict stop-loss.
A break below the level will be all over for the bulls.
We are expecting a breakout above 115 for an upside target of 130.
Alternatively, horizontal support is present at 96. which should be used as a strict stop-loss.
A break below the level will be all over for the bulls.
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