USOIL | UPSIDE POTENTIAL

USOIL has been taking support from a long-term rising trendline. The oil is also trading in short-term bullish parallel channel.

We are expecting a breakout above 115 for an upside target of 130.

Alternatively, horizontal support is present at 96. which should be used as a strict stop-loss.

A break below the level will be all over for the bulls.