USOil Will the bullish trend continues?
**Monthly Chart**
Last month's candle closed as a bullish within the range of the previous swing. This month candle opened from the low and started approaching the high of the previous month.
**Weekly Chart**
Last week candle closed bullish and now moving towards equal weekly highs level around 80 levels. A strong reaction around this level is expected.
**Daily**
Short-term bias is bullish on USOil. I would expect a break of 80 levels for the next target around 84 (Liquidity pool + MC). This week's news announcement of CAD may create some traction. If the price unable to hold above 80 mark then it might move lower. So we will look for a trade on both ways.
Last month's candle closed as a bullish within the range of the previous swing. This month candle opened from the low and started approaching the high of the previous month.
**Weekly Chart**
Last week candle closed bullish and now moving towards equal weekly highs level around 80 levels. A strong reaction around this level is expected.
**Daily**
Short-term bias is bullish on USOil. I would expect a break of 80 levels for the next target around 84 (Liquidity pool + MC). This week's news announcement of CAD may create some traction. If the price unable to hold above 80 mark then it might move lower. So we will look for a trade on both ways.
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