The USOIL has broken the Inverse Wedge as you can see on the chart and bounced on the support level at 62.49 after breaking out of the Wedge. Price went to test the now resistance level of 72.69 and forming a Right Shoulder.
The price is now falling to test again the support level of 62.49 and after the break of the support price will fall down to $44 to complete the Head&Shoulder Pattern.
The price is now falling to test again the support level of 62.49 and after the break of the support price will fall down to $44 to complete the Head&Shoulder Pattern.