USOIL Will Go Higher! Buy!

Please, check our technical outlook for USOIL.

Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 81.39.

The above observations make me that the market will inevitably achieve 83.28 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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הערה:

Great beginning for a trade, let’s hope it goes further!