According to publicly available market information during the Asian and European sessions, influenced by the escalating geopolitical situation in the Middle East, USOIL's short-term trend shows an extremely strong bullish upward pattern. Despite several countries announcing the release of strategic oil reserves, market concerns about supply disruptions in the Strait of Hormuz dominated, pushing oil prices above key levels.
RSI: 72.3 (overbought zone) → A short-term pullback is possible, but in a strong market, overbought conditions can persist for a considerable period.
MACD: A golden cross above the zero line with expanding momentum bars indicates a clear bullish trend and strong upward momentum.
Bullish Strategy (Core Idea: Buy on dips, avoid chasing highs)
Conservative Long Position: $88.5-$89.0
Swing Short Position: $97.5-$98.0
We welcome all traders to share their opinions and let's discuss them together.
USOIL USOIL USOIL USOIL
RSI: 72.3 (overbought zone) → A short-term pullback is possible, but in a strong market, overbought conditions can persist for a considerable period.
MACD: A golden cross above the zero line with expanding momentum bars indicates a clear bullish trend and strong upward momentum.
Bullish Strategy (Core Idea: Buy on dips, avoid chasing highs)
Conservative Long Position: $88.5-$89.0
Swing Short Position: $97.5-$98.0
We welcome all traders to share their opinions and let's discuss them together.
USOIL USOIL USOIL USOIL 
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.