Hello, im pretty much new here in giving my opinion and analysis of USOIL. Iam going to wait 102,34 to long. The target profit can be took when it reached the trendline which resembles asymmetrical triangle.
Also, the EU is planning to embargo russians oil which can push the price up for temporarily, will see how it goes if China doesnt do lockdowns anymore
Tell me what is your analysis! Lets learn together!
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Also keep in mind that i use RSI to determine whether it is overbought and oversold. This indicator could help me whether to buy or sell