USOIL BUY

USOIL

Preference:
Oil was in a downtrend until price retested the lows on the daily time frame. In this area, if the price fails to create a lower low, we could see a retest of the previous support level, which is now resistance.

Alternative Scenario:
"If the downward trend in the market continues with the same strong momentum as before, we may see a continuation of this bearish trend."