It's interesting to see USOIL getting ready to run previous lower highs and higher high liquidity after accumulating off a strong level of re-accumulation. (In my opinion)
The accumulation got validated when $84 level was invalidated on 10th Aug. 2023 and more confirmation when $94 was broken on 28th Sept. 2023.
USOIL pulled back to $68 and as at the time of this idea, is currently at $81.
In my opinion, $94 could be the next target and then $108.
$130 is also very possible.
Would you buy?
https://www.tradingview.com/x/2ThntHKu/
The accumulation got validated when $84 level was invalidated on 10th Aug. 2023 and more confirmation when $94 was broken on 28th Sept. 2023.
USOIL pulled back to $68 and as at the time of this idea, is currently at $81.
In my opinion, $94 could be the next target and then $108.
$130 is also very possible.
Would you buy?
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