USOIL Posible Break Out

USOIL consolidates over the 10 EMA on the Daily we try to buy the break out.

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The Break Out did not work, and the price broked the low of the previous day. It seems that concerns over sluggish demand overshadowed bets on tighter supplies due to disruptions in the Middle East. A string of weak economic readings from across the globe spurred those concerns over slowing demand.