USO hourly RSI double backed on support to go long

8 มี.ค. 2016

Notice the horizontal RSI trend line, has been resistance since november, and it broke, so it's now support. If this support doesn't hold, which there's a chance it may not since it's overbought, the RSI will reach the diagonal RSI bull trend. This one has a very high probability of holding because it matches the price action's up trend.