USOIL has been in a bullish trend, characterized by higher highs (HH) and higher lows (HL). However, a recent bearish divergence indicates that the bullish momentum is waning. This is further supported by the formation of a bearish rising wedge pattern, which reinforces the bearish outlook. A promising selling opportunity is likely to emerge if the price breaks below the previous higher low of 80.435.
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pattern invalid
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