USOIL is trading in a large triangle on the monthly chart. It has broken down the triangle. It is possible that it is a fakeout.
I see RSI is oversold on Monthly chart. Watch out if the price comes back into the triangle then it turns the trend in the long term.
Short term chart is also posted here.
Disclaimer: Not a recommendation to buy/sell.
I see RSI is oversold on Monthly chart. Watch out if the price comes back into the triangle then it turns the trend in the long term.
Short term chart is also posted here.
Disclaimer: Not a recommendation to buy/sell.