Broken HeadAndShoulders neckline - USOIL

Hey folks,

we have seen an confirmed head-and-shoulders reversal pattern on USOIL .
No recent resistance levels (at least within a few years) are in sight, so chances are good to see a oil rally.

Comment: Large countries and economies depend on the oil price, as one of their major revenue they earn in distributing oil, e.g. U.S., Russia, Middle East. I think that the "big players" were surprised by the corona virus and the immediate shortened world demand of oil. They will reduce their output to rise prices again.


Enjoy,
Cheers!