The dominant trend so far is to the downside with USOIL. If price holds at this resistance we could see a continuation in the current downtrend. Pice also created a double top above the highs, so this sell may not be long term.

If price fails to hold at this resistance level we could see a retest of the double top before we see a change in direction with USOIL.
USOIL
FibonacciMultiple Time Frame AnalysisSupport and Resistance

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