USOIL Rising momentum has returned

USOIL registered a strong upwards movement in the short term and now is located at 89.49. Fundamentally, the Canadian Retail Sales and Core Retail Sales should have a big impact on this market later. Positive economic figures should lift the price.

From the technical point of view, the rate stands right below 89.57 - 90.23 resistance zone. A bearish pattern or false breakouts may announce a new sell-off.