USOIL 1H TIME FRAME DATE 7/28/2024

Sentiment Analysis – July 27, 2024

Intra-Day Sentiment: 74% Bearish, 26% Bullish
Daily Sentiment: 45% Bearish, 55% Bullish
Overall Outlook: Favorable for Buying
Upcoming Economic Data:

Tuesday, July 30, 2024, 10:30 PM (US)

API Crude Oil Stock Change: Anticipate a SELL signal for USOIL.
Wednesday, July 31, 2024, 04:30 PM (US)

EIA Gasoline Stocks Change: Given the recent decrease of 5,572 thousand barrels in gasoline stocks, with an average of 9.11 thousand barrels from 1990 to 2024, expect a SELL signal for USOIL.