Long

USOIL Potential Bullish Movement

USOIL Potential Bullish Movement

we are waiting for a momentum candle close above 25.30 to buy this one

Reason:
1- Regular Bullish Divergence on MACD (in red)
2- Objective Channel (in blue)
3- Support Round Number 20.0 from Daily (in purple)

Three confluences are enough to consider Buying USOIL, after a break below 25.30 (in gray)

** unless price breaks below our lower orange trendline and blue dots, then a downward movement would be expected before going up

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