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USOIL LONG FROM SUPPORT

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Hello, Friends!

We are going long on the USOIL with the target of 70.67 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.

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We are seeing a good move already so we will keep the trade running!
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Bullish PatternsbuyChart PatternsforecastForexLONGtecnhicalanalysistradingTrend AnalysisCrude Oil WTIWave Analysis
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