Oil possibility to find support and head higher
OIL (
USOIL) is now at a place where it could find the resistance and head higher. Apparently, it's time to start accumulating values.
If OIL (USOIL) successfully finds support, its likely to head towards 44.00 - 44.50 in the short term. With the scenario of targeting 49.00 - 50.00 in the long term which could take time to get achieved as a long term target.
So, it's time to accumulate values.
In a short term, if it (USOIL) breaks below 41.10 - 41.17, then the price zone of 39.50 - 40.00 must act as massive support for its upward journey.
This is not financial advice.
We will not be liable if any losses occur.
Trading in the financial market carries risks.
Make sure to maintain proper money management to maintain the risk.
USOIL) is now at a place where it could find the resistance and head higher. Apparently, it's time to start accumulating values.If OIL (
USOIL) successfully finds support, its likely to head towards 44.00 - 44.50 in the short term. With the scenario of targeting 49.00 - 50.00 in the long term which could take time to get achieved as a long term target.So, it's time to accumulate values.
In a short term, if it (
USOIL) breaks below 41.10 - 41.17, then the price zone of 39.50 - 40.00 must act as massive support for its upward journey.This is not financial advice.
We will not be liable if any losses occur.
Trading in the financial market carries risks.
Make sure to maintain proper money management to maintain the risk.
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