USOIL

USOIL

We had a downward trendline that was broken on the 2-hour time frame. Right underneath it we have a microstructural level that needs to be retested. If price reaches this level and fails to break below, price could continue to uptrend and retest the double top at the highs of the 2-hour.

It is also possible for the uptrend to continue from here without the retest.