USOIL price action testing EMA200 at 54.64$. USOIL closed above green support trend line and EMA 21,50,100. After correction to 50,97$ and bullish breakout at 53.5$. USOIL broken red resistance line with bullish volume respond.
Was tested resistance at 54.9$. After that Small correction retest support at 52.37$ price level. Potential bullish breakout up to 56$.
Volume: confirm bullish price action.
Indicators: RSI above 50 points, MACD bullish crossover above zero line. Bullish sign.
S/R: Major Support at 50.5$, Support at 52.5$, Resistance at 54.6$, Major Resistance at 56$.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Was tested resistance at 54.9$. After that Small correction retest support at 52.37$ price level. Potential bullish breakout up to 56$.
Volume: confirm bullish price action.
Indicators: RSI above 50 points, MACD bullish crossover above zero line. Bullish sign.
S/R: Major Support at 50.5$, Support at 52.5$, Resistance at 54.6$, Major Resistance at 56$.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
