The chart shows the uptrend.
USOIL on the 4-hour chart bounced for the second time above the 91 - 92 area.
The market after testing the 0.618 Fibonacci support is now trading for further resistance.
Technical analysis - daily time frame RSI is bullish. In general, the daily-weekly time frame is bullish.
DISCLAIMER: This review is not intended to encourage the buying or selling of any particular security. Also, it should not be a basis for any trading action by an individual investor. Therefore, your own due diligence is highly recommended before entering into a trade.
USOIL on the 4-hour chart bounced for the second time above the 91 - 92 area.
The market after testing the 0.618 Fibonacci support is now trading for further resistance.
Technical analysis - daily time frame RSI is bullish. In general, the daily-weekly time frame is bullish.
DISCLAIMER: This review is not intended to encourage the buying or selling of any particular security. Also, it should not be a basis for any trading action by an individual investor. Therefore, your own due diligence is highly recommended before entering into a trade.