USOIL has made a test on FIBO 6180 on daily chart. But it still seems hard for it to break through the trend line on 4h chart, which make a retest of lower low is quite possible after a new contract.
LESS IS MORE!
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USOIL just broke through the channel and make a reversal.
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Considering a new rolling contract is coming in few days, we prefer to start a new trade on USOIL after that new contract start.