USOIL Headed for bullish reversal. Medium term still bearish.
Momentum indicators and Stoch RSI indicates a strong reversal in USOIL. Expect to see a retrace to 0.5F
Expect USOIL to maintain the bearish trend for rest of year until the US drillers begin to feel the pain below a $40 Oil price.
Expect USOIL to maintain the bearish trend for rest of year until the US drillers begin to feel the pain below a $40 Oil price.