In the IH time frame, USOIL exhibited a bullish trend, marked by consecutive higher highs and higher lows. However, a bearish divergence has emerged, suggesting a potential shift in the trend. Subsequently, the price broke the previous higher low as indicated by the RSI. Additionally, another break of the previous higher high occurred, accompanied by a Bullish Engulfing candle pattern. Combining these factors with the RSI indication, it's advisable to execute a buy order.
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